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Quebec's New Fertility Funding A Bonus

Catherine McDiarmid-Watt | Saturday, July 18, 2009 | 1 comments

Quebecs New Fertility Funding A Bonus

In late June, Quebec passed a bill that will see the province pay for up to three cycles of in vitro fertilization, or IVF, treatments for infertile couples.

The government is still working out the details of the new program, but Jean-Marc Lachance, chief financial officer of
Opmedic Group Inc. (OMG.T), told Dow Jones that he expects the new program to bring a whole new segment of clients into the company's private fertility clinics.

Opmedic provides fertility and
genetic services, sperm banking services, and surgical services at its five private clinics in Quebec.

"One round of fertility treatment with all the associated drugs costs approximately C$10,000, with most women receiving at least two rounds of treatment," Lachance said.

He said the new program should help the company grow by making fertility treatments accessible to families that can't afford the services, even with the existing 50% tax credit Quebec already has in place for some fertility treatments.

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About Catherine: I am mom to three grown sons, two grandchildren and two rescue dogs. After years of raising my boys as a single mom, I remarried a wonderful man who had never had a child of his own. Unexpectedly, I found myself pregnant at 49!
Sadly we lost that precious baby at 8 weeks, and decided to try again. Five more losses, turned down for donor egg, foster care and adoption due to my age and losses - we have accepted that there will be no more babies in our house.

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  1. darkblack says:

    That's great. I'd love to see it extend to the rest of Canada.


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