NDP Leader Jagmeet Singh Thinks The Federal Government Should Have More Control in the Canada Health Act – February 24, 2020,
They don’t get it, The politicians in Canada don’t seem to understand the role of government, nor do they understand what a declining Canadian energy sector equates too. Canadians, for the most part, haven’t experienced an economic downturn in about 30 years, so my belief is that most Canadians believe wholeheartedly that economies fix themselves and market fundamentals shouldn’t mean much.
This is why when the Socialists in Canada create some of these bills, mainly to get the ideas out there, these horrible bills often go unchallenged. Now, obviously, what Jagmeet Singh is trying to do is benefit politically from the Trudeau decline, I just genuinely don’t think the NDP comprehend how inefficient the Federal government has been with everything.
The price of renting a place to live is at an all-time high in Canada, during a period in which it should be an all-time low. I’ll argue that the rent prices are at an all-time high because of the Federal Government intervening in the housing market. Currently, in America, the Trump administration is going to make it leg for Americans to purchase prescription drugs in Canada. In America, the Federal government via the regulatory environment helped to push the price of prescription drugs. Currently, Canada via the current Canada Health Act allows for market competition.
Under Jagmeets plan for a universal pharmacare plan, what will happen is what’s happened to the Insurance Corporation of British Columbia(ICBC). Eventually, when the drug companies realize that the Federal government is in charge of Pharmcare, Unions and the corporations will find a way to raise prices on the Federal Government. A little regulation here, another government body there, a tax on this, a tax on that and before you know it prices skyrocket.
I think the economic downturn is going to hit Canadians by surprise, Canada might experience an economic downturn while inflation rises! Canadians be prepared!
NDP set to table bill for universal pharmacare program, Singh says | globalnews.ca
Interesting times ahead!