Cheaper medicine from October
From October 1 the prices for over 2000 different medicine brands are set to drop by up to 50 percent, saving consumers and taxpayers millions of dollars.
The PBS subsidises the full cost of a wide range of medicines making them far more affordable to the average Australian. During the first half of 2015, the Nationals & Liberal Government worked with over 20 other stakeholders to develop the PBS Sustainability Package.
The PBS Sustainability Package will reduce the cost of one-in-three medical brands, which treat common and chronic conditions and life-threatening diseases, significantly decrease by up to $20 per script per medicine.
The cost of medicine will be cheaper for the customers at the counter and for the taxpayer because the lower cost will subsidise the medicines included in the Sustainability Package. The PBS will continue to subsidise more medicines for current and future generations. To find out what medicine brands are included in the scheme head to http://www.health.gov.au/.