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British Columbians will be starting 2020 with a new reality.
There will be no more Medical Service Plan bills each month, as the premiums will be fully eliminated on Jan. 1, 2020.
"The cost of health care should not be a burden on people, but for too long, unfair MSP premiums made it hard to get ahead," said Premier John Horgan.
“This represents one of the largest middle-class tax cuts in B.C.'s history and will make a big difference in people's lives."
Residents will save up to $900 a year without MSP premiums to pay and families will save around double that.
In total, the elimination of MSP premiums represents a net tax cut of around $800 million.
Carole James, minister of finance, called the MSP an unfair bill that prevented people from using their hard-earned money to buy food or pay rent.
"With the complete elimination of MSP premiums, families have more money for themselves and to invest in B.C. businesses,” she said.
“This is good for British Columbians and good for B.C.'s resilient, sustainable economy."
BC was one of the last provinces in Canada to have user premiums for health care.
Anyone with MSP auto-payments set up is urged to cancel the arrangement to ensure payments to the Province of BC do not continue.
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