Tuesday, March 15, 2011

Australian government blocks subsidies for new drugs

The Australian government has said that no new medicines will be added to the national subsidised drugs scheme until 2013, by which time it aims to have the federal budget back in surplus.

The move, which critics say will delay the approval of as many as 100 new medicines each year, is expected to save the government up to A$200 million. However, it will require patients to pay up to A$100 a month for their treatments, instead of the monthly A$34.20 (A$5.40 for pensioners) which they pay for drugs supplied under the A$8.3 billion Pharmaceutical Benefits Scheme (PBS), which provides around 75% of all prescription drugs sold in Australia.

Posted via email from Jack's posterous

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