No need to panic: Older workers’ health-care bills not that bad

Aging of population a slow, manageable process
By Chris Bonnett
|Canadian HR Reporter|Last Updated: 06/14/2013

Many have suggested our aging population will wreak havoc on our health-care system. So, will older workers bankrupt health benefit programs?

The most recent census data shows the median age of Canada’s labour force rose from 39.5 in 2001 to 41.2 in 2006 — it will have to grow quite a bit more before we can expect health cost increases to race ahead.

It’s not just age, though. We are generally working longer and delaying our retirement, according to Statistics Canada. A 50-year-old worker in 2009 could expect to work 2.6 years longer than her counterpart of the same age in 1998.