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

Spring scenes from PALS Park

Excitement for warmer weather is building with the coming onset of May

Easter family fun in Castor!

PALS Park was a hub of activity on April 20th

Alberta’s 47 legislature newbies meet under the dome for orientation day

Most new members are with the United Conservatives, who won a majority government

The Beaverdome Renovations are complete, and the project came in nearly on budget

The renovation was brought before council one more time during the April 8th meeting

Lending a helping hand

Presentation to the Castor Foodbank was made on April 17th

VIDEO: Police dog in Oregon struck by 200 porcupine quills during pursuit

The German shepherd had to be sedated and was in treatment for more than two hours

Wilson-Raybould: Feds want to just ‘manage the problem’ of Indigenous Peoples

Former federal justice minister speaks at First Nations Justice Council meeting in B.C.

Oil and gas company confirms death of one of its employees in Yoho avalanche

Dana Coffield died when he was skiing in the Rocky Mountains

Cenovus CEO estimates production curtailments will deliver billions to taxpayers

The curtailment program started Jan. 1 was designed to keep 325,000 barrels per day off the market

Robbery in Leduc County estimated at $40,000

Leduc RCMP investigate break and enter and theft of firearms

Singh says childhood abuse steeled him for scrutiny and stress of politics

He recounts the assaults for the first time in his book Love & Courage

Despite five extra weeks’ parental leave in Canada, dads still face stigma: survey

One reason people said dads don’t need leave is because they can just bond with their kids at weekend

Calgary’s public school board responds to Syrian child’s suicide after bullying

Amal Alshteiwi, a newcomer to Canada from Syria, took her own life several weeks ago

Child, 11, accidentally shot in the chest at Alberta religious colony

Child taken from Hutterite colony to nearby hospital

Most Read