Legislative Assembly of New Brunswick
Status of Legislation - First Reading Bill
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++ An Act to Amend the Prescription Drug Payment Act +

Legislature :
55
Session :
2
Bill No. :
71
Member :
Mr. Allaby
First Reading :
2005-6-8
Second Reading :
Committee of the Whole :
Amended :
Third Reading :
Royal Assent :
Download PDF :
Bill 71

Text of Bill :
1                           The Prescription Drug Payment Act, chapter P-15.01 of the Acts of New Brunswick, 1975, is amended by adding the following after section 2.5:



2.6                      If an income ceiling is referred to in the eligibility requirements under subparagraph 1(a)(ii) or its related regulation, the income ceiling shall be adjusted to the amount calculated using the following formula:



C t+n = C * (1 + CPI t+1) * (1+ CPI t+2) … * (1 + CPI t+n)



where



C:                income ceiling pursuant to subparagraph 1(a)(ii) or its related regulation;

t:                   2005;

n:                  number of years beyond 2005;

CPI:          Provincial Consumer Price Index (year over year) as determined by the Department of Finance.

 

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