Ottawa’s overhaul of health-care funding has left enormous ‘fiscal gap’ for provinces, PBO warns

Yes my fellow Canadians the corrupt bastard of parliament hill, Stephen Harper, is f#@king you and the provinces to balance his economic failures......

You can blame the 39 percenters who voted him in allowing him to bankrupt the provinces and the health distressed. We are headed down the road of more lies and deceit from this piece of political garbage.....

The Conservative government is downloading billions of dollars of health-care costs on the provinces, says the parliamentary budget officer, making federal finances sustainable over the long term but leaving provincial governments to stare down severe financial pains in the coming years.

The PBO’s annual long-term fiscal sustainability report released Thursday says the Harper government’s decision to scale back the growth in Canada Health Transfer payments means provincial governments will increasingly struggle to afford health-care services for their citizens.

In the first major report under new budget officer Jean-Denis Frechette, the PBO says Canada’s rapidly aging population is placing enormous financial strains on federal, provincial and local governments trying to provide increasingly expensive services.

The Conservative government’s spending cuts, changes to health-care funding, and its move to increase the Old Age Security qualifying age to 67 have created billions of dollars in fiscal breathing room for the federal government in the short term, and leave federal finances sustainable over the long term (next 75 years), the report says.

http://news.nationalpost.com/2013/09/26/ottawas-overhaul-of-health-care-funding-has-left-enormous-fiscal-gap-for-provinces-pbo-warns/