Aggregate fee requirement by region in 2017
The 2017 aggregate fee requirement for each region is as follows:
British Columbia and Alberta
In the British Columbia and Alberta region, the aggregate fee requirement is $169 million, which is approximately 8.5% greater than in 2016. This increase reflects the increased costs of medical liability protection and the need to return this region to a fully funded position through higher fees.
In the Ontario region, the aggregate fee requirement is $383.5 million, which is only slightly greater than the $377.2 million in 2015. This region is in a negative financial position and the fees include a catch up component aimed at returning, in a measured manner over a number of years, to a fully funded position.
In the Québec region costs have remained relatively stable and, with better than forecast investment returns, the region is a positive funded position. As a result, the CMPA has reduced fees in this region with the 2017 requirement of $69.4 million being 14% less than in 2016.
Saskatchewan, Manitoba, Atlantic provinces and Territories
In the Saskatchewan, Manitoba, Atlantic provinces and Territories region, the aggregate fee requirement is $51.2 million, which is 10.2% more than in 2016. The costs of medical liability protection in this region remain the least expensive in the country.