American dysfunction threatens Canada’s economy

Obama’s re-election means that Obamacare will be the law of the land. What may surprise Canadians is that this new law will likely require Canadian provincial governments to spend more money on health care.

Western Washington University professor Steven Globerman argues that Obamacare will likely reduce rates of health-care research and development in the United States, which will reduce the availability of new health-care technology to Canada. In the past, Canada has "piggybacked’ on U.S. innovation. Canadian health-care providers, for example, benefit by waiting until new procedures and techniques are proven effective in the U.S. before adopting them.