The provincial government is cancelling a planned 4% increase in Medical Services Plan premiums set for January 1st, 2017.
The office of Finance Minister Mike de Jong confirmed the decision ahead of Thursday’s quarterly budget update.
The hike would have seen adult MSP premiums rise to $78 a month in the new year, instead they will remain at $75.
The rates for those on premium assistance is being reduced a further 4% from what was announced in the 2016 budget.
It will mean nearly $100 million less in revenue for the province.
The Liberal government decision was made thanks to a larger-than-expected budget surplus.
MSP premiums have gone up an nearly 40% over the past five years.