The province says it is “critical” to recover more than $521 million in outstanding loan payments in order to fund other priorities
In a memo issued to the Ontario Medical Association on Friday, which was obtained by The Canadian Press, the province says it is “critical” to recover more than $521 million in outstanding loan payments in order to fund other priorities.
Beginning next month, the Ministry of Health will deduct pay from physicians’ monthly OHIP payments over a one-year period, rather than the original five-month timeline it first proposed, with no interest charged. The ministry says it was clear when it launched the COVID-19 Advance Payment Program in April 2020 that monthly loan payments doled out to eligible health-care providers would need to be paid back.
Since loan repayments began in April, 2021, it says it has recovered nearly $139 million out of the total $660 million provided. But after collecting the first round of installments, the province paused the loan recovery process a month later “until further notice,” saying the resumption of payments would be “driven by the circumstances of the pandemic.”
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