Model of Long-Term Health Care Cost Trends in Canada
The Canadian Institute of Actuaries (CIA) and the Society of Actuaries (SOA) are pleased to make available a resource model that provides long-run (to 2050 and beyond) forecasts of health care spending in Canada. The material was authored by Michel Grignon, Byron Spencer, and Li Wang of McMaster University.
The SOA would like to thank the following individuals for serving on the Project Oversight Group:
Karen Dixon, Co-Chair
Kristina Percy, Co-Chair
Heike Reck, Vice-Chair
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Disclaimer for Software Posted on Web site
Important: The Canadian Long Term Healthcare Costs Trend Resource Model ("Software") posted on this site is the property of the Canadian Institute of Actuaries (“CIA”) and the Society of Actuaries ("SOA") and is protected under U.S. and international copyright laws. It was created for the CIA and SOA by Michel Grignon, Byron Spencer, and Li Wang.
The Software has been developed for the benefit of actuaries FOR EDUCATIONAL USE ONLY, although others may find it useful. The CIA and SOA make the Software available to individual users for their personal use on a non–exclusive basis. No commercial use, reproduction or distribution is permitted whatsoever.
The CIA and SOA and the authors make no warranty, guarantee, or representation, either expressed or implied, regarding the Software, including its quality, accuracy, reliability, or suitability, and HEREBY DISCLAIM ANY WARRANTY REGARDING THE SOFTWARE'S MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. The CIA and SOA and the authors make no warranty that the Software is free from errors, defects, worms, viruses or other elements or codes that manifest contaminating or destructive properties. In no event shall the CIA or SOA or the authors be liable for any damages (including any lost profits, lost savings, or direct, indirect, incidental, consequential or other damages) in connection with or resulting from the use, misuse, reliance on, or performance of any aspect of the Software including any instructions or documentation accompanying the Software. The CIA and SOA and the authors make no representation or warranty of non–infringement of proprietary rights of others with respect to the Software. The entire risk as to the uses, outputs, analyses, results and performance of the Software is assumed by the user. This Disclaimer applies regardless of whether the Software is used alone or with other software.
Disclaimer for Materials Posted on this Web Page: The model, accompanying documentation, and methodologies contained herein do not represent an official position, statement, or endorsement on behalf of the CIA or SOA or their members, nor should the material be construed to do so. It is the product of a research effort commissioned by the CIA and SOA to add to the library of resource tools for the estimation of long term health care cost trends and further knowledge in that area. The model is neither intended to preclude the use of other methodologies for estimation of long term health care cost trends for any purpose nor provide a statement or position on the use, application, or preferability of other methodologies as compared to the methodology described herein.