MSP premium cut fuelled by looming election
Finance Minister Mike de Jong The coming election (or “shareholders’ meeting,” as Finance Minister Mike de Jong called it in the Feb. 21 budget speech), is virtually the only factor driving provincial politics these days. After all, it is just over two months away – on Tuesday, May 9. The current session of the provincial legislature simply helps set the table for it, and the budget is by far the largest item on the table. Thus the budget must be looked at through a political prism. That’s why the biggest item in it was a significant cut in Medical Services Plan premiums. The premiums have been rising at a spectacular rate over the past five years, and have become a lightning rod for criticism of the government. Back in 2011, when Christy Clark became premier, a family of three paid $121 per month in MSP premiums, while a couple paid $109. This year, a couple or family of three or more pay $150 per month – $1,800 per year. Because many employers pay half of that cost a...