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Actuarial Science and Medicare

Concerns about the long-term cost of Canada's health care system are at the forefront as governments consider both funding levels and potential reforms to determine their sustainability. To date, the application of actuarial science has been absent from these deliberations.

The CIA has long advocated the involvement of the actuarial profession in forecasting and managing costs of Medicare and health care more broadly, and has established a Health Care Applications Committee to bring this urgent issue to the attention of policymakers in Canada.

The CIA believes that applying proven, actuarial science to health care cost forecasting and planning by governments at federal and provincial levels will help secure a sustainable, affordable and effective publicly-funded health care system for Canadians.