Socialized medicine will replace private all private insurance policies in 5 years. Employers who provide group insurance have a 5 year grace period during which they must switch to the government mandated insurance program.

        Individual have less time. Policies typically increase premium costs yearly. Any change in private insurance terms, conditions and premiums will end the individual’s private coverage.

        A family of 4 with a combined annual income of more then $88 thousand will pay high premiums to cover the costs of those who are under the threshold.

        Watch a video on Canada’s socialized medicine.