Myth Busted January 2002
Busted Again! February 2011
Fact: The proportion of Canadians 65 years of age and older is increasing as the baby-boomer generation reaches retirement age.
Fact: Older adults need more medical services than younger people.
Taken together, these snippets of reality can conjure a frightening image, in which the healthcare costs of the aging population balloon until the system becomes unsustainable, necessitating cuts to services and/or tax increases. But, healthcare costs don’t inflate uncontrollably just because there are more seniors. “Boomerangst”, as it has been cleverly dubbed, isn’t based in reality, so say the experts.