Finance Minister Mike de Jong will be announcing B.C.’s quarterly financial update tomorrow, and he’s expected to scrap the planned 4 per cent MSP premium hike.
Global News Reporter Keith Baldrey says the government is looking at a suplus, which means getting rid of unpopular policies like bumping MSP premiums.
“The planned 4 per cent monthly increase that was supposed to take effect January 1st is not going to happen, that’s scrapped, so the rates will remain frozen. However, there will be a further 4 per cent cut for those who get some sort of financial assistance, premium assistance, to pay their MSP premium. So, how much that cut is depends on how much assistance you get.”
A couple earning over $45,000 will save about $240 a year.
Baldrey says although it’s a modest amount of money at stake, it’ll make a big difference to some.
“An issue like this drives school boards crazy because they have to pay the increase out of their budgets, for teachers and support staff in the school district, so that’s one group I think is going to be very happy.”