The «cheap» plans just mean that you're going slightly less bankrupt if anything happens to you and now even middle class people who previously had OK plans will also likely go bankrupt with any major medical expenses as all, but the most premium plans have been forced to go the high deductible route with many deductibles so high that they still virtually
guarantee financial insolvency.
Section Section 178 (1)(g) of the Bankruptcy &
Insolvency Act states that an order of discharge does not release a bankrupt from: Any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student
Financial Assistance Act or any enactment of a province that provides for loans or
guarantees of loans to students where the date of bankruptcy of the bankrupt occurred: