Description: After over two years out of politics, former Finance Minister Bill Morneau has spoken out on a number of public-policy matters in his book Where To From Here. One of the big take-aways is that the health care crisis cannot be fixed simply by dumping in more cash. Mr. Morneau’s credibility is enhanced by noting his own part in past failures to fix the system, stating “We continued the pattern where the federal government gives the money while accepting a fiction: that the provinces will apply the funds to the system for which they are responsible, which is something that often fails to happen.”

Date:  January 11, 2023

Source:  theglobeandmail.com

 Link: https://www.theglobeandmail.com/business/article-bill-morneau-health-care/

Discussion points:

1) Have you or your classmates had any difficult experiences with the health care system in the last year?

2) If you were a senior financial official in the government of Canada what type of measures could you recommend to enhance the results achieved by any additional funding?

3) Exercise E10.11 of Wiley’s Financial Accounting: Tools for Business Decision-Making deals with Government of Canada bonds. Do a bit of research to determine what amount of Government of Canada bonds are represented on the Government of Canada Public Accounts, as the government’s financial statements are called.