The association compared the deal with other health agreements over the last two decades and found it to be the largest by a significant margin at about $16 billion in increases per year over 10 years.
The analysis also looked at whether such funding agreements have made a difference in the past.
Association president Dr. Alika Lafontaine says big investments do seem to have made a difference, but progress backslid when parties stopped working together.
He points to the $1 billion former prime minister Stephen Harper put toward lowering wait times, which appeared to make a fairly significant improvement
Now he says the problems faced by the health-care workforce are much more serious and it will take political will and co-operation to overcome them.