This survey is the first available using Canadian Family Expenditure data. The survey was carried out in February and March 1970 and refers to calendar year 1969. The Survey of Family Expenditures of 1969 is the first survey of national scope since 1948 and was designed to provide information for both urban and rural population. Expenditure details include information on household expenditures including: housing (type and value of dwelling, mortgage, additions, renovations and installations); characteristics of reference person and spouse (income by source, occupation, employment); household characteristics (members, employment insurance and social assistance indicators); food and shelter; household operation (communication, child care, household supplies); household furnishings and equipment; clothing (by age, sex of household members); transportation (public and private); health care; personal care; recreation; reading materials and other printed matter; education (tuition and supplies); tobacco products and alcoholic beverages; miscellaneous (interest payments, games of chance, taxes, insurance payments and pension contributions, money gifts and contributions); and total expenditure. It is recommended that users obtain a copy of "Family expenditures in Canada, 1969, Catalogue 62-535-XPB, 62-536 and 62-537" that contains further information on the survey, as well as tabulated results. Users should note that detailed data on food expenditures for 1969 were collected in a separate survey (see Catalogue No. 62-531-XPB and 62-532-XPB).
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Health and medical insurance companies experienced significant fluctuations in performance in recent years. The onset of COVID-19 led to a substantial increase in healthcare spending in 2020 and 2021, as demand for medical services surged. Consequently, investment in health insurance witnessed a dramatic rise, contributing to robust revenue growth during these years. However, with inflation peaking in 2022, consumer purchasing power diminished, causing households to reduce their spending on health insurance. This factor, coupled with a slowdown in health expenditure growth as the immediate pandemic effects waned, resulted in meager revenue growth for insurers in 2022, a notable deceleration compared to prior years. The industry performed better in 2023 as low inflation enabled consumers to more easily afford health insurance, with revenue then rising significantly in 2024 due to soaring investment income. More broadly, providers have been influenced by slowing healthcare inflation, despite a historically rapid rise in prior decades. For example, from 1970 to 2010, health expenditures skyrocketed, buoyed by substantial innovations. However, recent years have seen this growth plateau. This is attributed to a shift toward less costly innovation, focusing more on pharmaceutical advancements rather than costly healthcare system overhauls. Consequently, providers have faced slower revenue growth. Consolidation has risen as the industry’s largest players have used economies of scale, acquisitions and advertising to take over more of the market. Regardless, internal competition has soared as more providers have entered the industry to capture new revenue streams due to rising short-term health spending and the aging of the US population, constraining profit. Overall, revenue for health and medical insurance companies has swelled at a CAGR of 3.8% over the past five years, reaching $1.5 trillion in 2025. This includes a 2.5% rise in revenue in that year. The industry's landscape is set for further evolution over the next five years. Anticipated steady economic growth, with GDP projected to rise and unemployment to remain low, is likely to bolster health insurance revenue streams, primarily through heightened spending on employer-sponsored and private health plans. However, the potential for economic disruptions, such as the implementation of tariffs, could affect providers’ stability. As the population ages and healthcare demand grows, insurers will seek to tailor their policies to address the needs of an older demographic, necessitating comprehensive services. Overall, revenue for health and medical insurance providers is forecast to expand at a CAGR of 2.7% over the next five years, reaching $1.8 trillion in 2030.
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This survey is the first available using Canadian Family Expenditure data. The survey was carried out in February and March 1970 and refers to calendar year 1969. The Survey of Family Expenditures of 1969 is the first survey of national scope since 1948 and was designed to provide information for both urban and rural population. Expenditure details include information on household expenditures including: housing (type and value of dwelling, mortgage, additions, renovations and installations); characteristics of reference person and spouse (income by source, occupation, employment); household characteristics (members, employment insurance and social assistance indicators); food and shelter; household operation (communication, child care, household supplies); household furnishings and equipment; clothing (by age, sex of household members); transportation (public and private); health care; personal care; recreation; reading materials and other printed matter; education (tuition and supplies); tobacco products and alcoholic beverages; miscellaneous (interest payments, games of chance, taxes, insurance payments and pension contributions, money gifts and contributions); and total expenditure. It is recommended that users obtain a copy of "Family expenditures in Canada, 1969, Catalogue 62-535-XPB, 62-536 and 62-537" that contains further information on the survey, as well as tabulated results. Users should note that detailed data on food expenditures for 1969 were collected in a separate survey (see Catalogue No. 62-531-XPB and 62-532-XPB).