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Could MSP Premiums be a Thing of the Past?

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CBC News announced, the government is projecting an overall surplus of $295 million for the 2017-18 fiscal year.  British Columbia and Quebec are the only two provinces in Canada that have posted surpluses in the past two years.

As part of its 2017 budget, the Liberal government announced approximately two million British Columbians will have their monthly Medical Services Plan (MSP) premiums cut in half starting Jan. 1, 2018.  This is good news for British Columbians.

It does make me question how they can maintain this with the rising costs of prescription drugs?  We do not want to lose this benefit through MSP.

Glendinning Insurance Services

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