In case you weren’t aware, life just got a little more expensive for British Columbians.
Medical Service Plan (MSP) Premiums have just gone up again. This tax is applied to anyone living in BC for six months or longer and requires them to pay monthly premiums for health care coverage. While some individuals can apply for premium assistance, these subsidies dry up as soon as a person earns a net annual income of $30,000 or more.
Healthcare costs money. There’s no denying that we need to support the medical services we rely on.
However the way MSP Premiums work in British Columbia is regressive, hurting those who can least afford it.
It’s time we followed the path Ontario has taken and rolled the MSP Premiums into our income tax system.