Ontario’s doctors are getting more money.

An agreement between the Ontario Medical Association and the province will see payments for services increase 2.8 per cent in the final year of a three-year deal signed in March 2022.

Doctors received one per cent increases in each of the first two years.

Both sides also agreed that the third increase would be determined by what physician expenditures were expected during the 2023-24 fiscal year and what they actually turned out to be

The province says they have also agreed to expedited arbitration of the first year of a new physician services agreement.

“We are pleased the government has worked with us to take into account doctors’ concerns in reaching this agreement,” states Kimberly Moran, Chief Executive Officer of the OMA.

“We know there is more work to do, and the OMA will continue to advocate for the needs of our members in negotiations for the next Physician Services Agreement and beyond.”

“This is a step forward for Ontario’s doctors, but we still have much more work to do to retain our current workforce and attract new doctors to all fields of medicine,” adds Dr. Andrew Park, OMA President.

Health Minister Sylvia Jones also expresses her satisfaction with the agreement.

“The Ontario government recognizes the pivotal role that doctors play in our health care system every single day. This agreement is more proof of the strong and productive relationship between the province and Ontario’s physicians,” says Jones.

The current agreement with doctors expires at the end of this month.