The NDP say their pharmacare plan could save the average Canadian without drug coverage more than $500 a year. (The Javorac/Flickr)

NDP unveils universal pharmacare plan, aims program delivery by the end of 2020

Party says plan would save families who don’t currently have private drug coverage an average $550 per year

The NDP is promising to bring in a universal and comprehensive national pharmacare program targeted to begin in 2020 if the party wins the next federal election.

NDP Leader Jagmeet Singh announced details of the pharmacare plan today with health critic Don Davies at an event in Coquitlam, B.C.

The party says the plan would see every Canadian covered for a list of prescription drugs determined by an arms-length group of experts that it says would be protected from industry and political pressure.

The party says the plan would save families who don’t currently have private drug coverage an average $550 per year and it would save employers about $600 per employee with extended health benefits

The legislation would be modeled on the Canada Health Act and provide an annual pharmacare transfer to the provinces and territories, with provinces paying about 60 per cent of the total cost and the federal government providing the remaining 40 per cent.

Davies, who represents Vancouver Kingsway, says the cost to provinces will be about the same as they are paying now.

An analysis from the parliamentary budget officer says the total cost of a national pharmacare program would be $23.7 billion in 2020, representing a $4.2 billion savings each year over the current amount being spent on drugs in Canada.

Last week, Singh said an NDP government would expand the tax on investment profits as part of a package of measures aimed to pay for pharmacare, affordable child care and housing.

“Those measures would free up billions that would be available for this as well. The rest of financing would be a matter of discussion between the federal government and provinces and territories,” Davies said.

The federal government taxes 50 per cent of profits made on investments, also known as capital gains, but the NDP wants to increase that threshold — known as the inclusion rate — to 75 per cent. It says that would raise about $3 billion in revenue.

READ MORE: Canada needs new agency to oversee pharmacare program, panel says

The New Democrats have also talked about closing a stock-option loophole and cracking down on the use of bearer shares and foreign tax havens, which they say help the rich avoid paying their fair share of taxes to society.

In its budget last month, the Liberal government said Canada’s patchwork of drug coverage, which comprises more than 100 public programs and 100,000 private insurance plans, is not well equipped to handle the increasingly expensive drugs now coming to market.

Drug spending in Canada is expected to surpass $50 billion by 2028, an expert panel has found.

In the budget, the Liberals promised a new agency to negotiate prescription drug prices for Canadians to try and drive down costs, a move it billed as an “important step” on the path to an eventual national pharmacare plan. It also promised to build a national formulary and promised to spend $500 million a year, starting in 2022, to subsidize drugs that treat rare diseases.

Amy Smart, The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Meet the 2019 Quesnel Ambassador candidates

The speech and talent night and pageant will take place on July 4 and 5

Category 2 open burning to be allowed in Cariboo

Restrictions on Category 2 open burning will be lifted June 26 at noon

Community members raise concerns at packed forestry meeting in Quesnel

North Cariboo MLA Coralee Oakes hopes community feels heard

Quesnel SkyFest offering Canada Day sale this weekend

Online tickets will be 10 per cent off during the long weekend

Quesnel RCMP welcomes new officer

Reserve Constable Cam Percy will begin working part-time in the fall

VIDEO: Driver doing laps in busy Vancouver intersections nets charges

Toyota Camry spotted doing laps in intersection, driving towards pedestrians

Every situation is different, jurors hear at coroners inquest into Oak Bay teen’s overdose death

Pediatrician says involuntary treatment necessary following overdose, opioid use

RCMP across Canada to soon unionize, according to B.C. mayor

A spokeswoman for RCMP headquarters in Ottawa says it’s not yet a done deal

Explicit sex-ed guide for adults mistakenly given to Creston elementary students

The booklet clearly states online and inside that the guide contains sexually explicit information

Driver has $240K McLaren impounded minutes after buying it in West Vancouver

Officers clocked the car travelling at 160 km/h along Highway 1 in a 90 km/h zone

Former Vernon Judo coach pleads guilty to child pornography charges

Bryan Jeffrey McLachlan is set to return to court Sept. 4 for sentencing

B.C. Olympic skier sues Alpine Canada after coach’s sex offences

Bertrand Charest was convicted in 2017 on 37 charges

Former Canucks goalie Roberto Luongo to retire

‘Bobby Lou’ calls it a career after 19 NHL seasons

Most Read