HOME >> MEDICINE >> NEWS
PBS stops growing

Newly released Federal Government figures have confirmed that spending on the Pharmaceutical Benefits Scheme (PBS) is flat-lining.

Official Government data from Medicare Australia (formerly the Health Insurance Commission) shows that PBS spending in April declined by 8.4 percent, the largest month fall since 1994 and one of the largest in the 60-year history of the scheme.

It means that over the 2005-06 financial year to date, PBS spending as recorded by Medicare Australia has increased by only 1.6 percent, far below the inflation rate of 3 percent. This means it is actually falling in real terms.

Spending has fallen in eight of the past 15 months a pattern which is unique in the scheme's history. According to the nation's peak body for the innovative pharmaceutical industry, Medicines Australia, the key questions for stakeholders and Government must be: what is the impact on patients and what are the flow-on effects for other parts of the health budget?

On top of Federal Budget figures from earlier this month, this further confirmation of the scheme's reduced growth means that any additional reform must be considered in the context of the very significant reduction in growth, patient access to medicines and the very large number of medicines now coming off patent.

"Any new reform proposals must be developed in consultation with all stakeholders against the backdrop of a declining PBS and an ageing population where the first priority must be patient access to new medicines," said the Chief Executive Officer of Medicines Australia, Kieran Schneemann.

"The PBS is an investment in health outcomes, not a savings tool. Growth in the PBS will not exceed the inflation rate any time soon.

"Patent expiries plus a series of Government measures, principally the increased co-payment and the 12.5 percent savings measure introduced to reduce the price of generics, have had a major effect," Mr Schneemann said.


'"/>

Contact: Paul Chamberlin
041-923-3989
Research Australia
29-May-2006


Page: 1

Related medicine news :

1. Trial stops after stroke and mortality significantly reduced by blood
2. Anti-fungal drug stops blood vessel growth
3. Natural protein stops deadly human brain cancer in mice
4. Insulin receptor stops progression of Alzheimers disease
5. When a childs heart stops, onset time of abnormal rhythms is crucial
6. RNA interference stops colon cancer spread in mice
7. Surgical plugs in ears bone stops strange form of severe dizziness
8. Patient choice stops at inhaled insulin
9. New compound stops brain cell degeneration in Alzheimers disease
10. New blood transplant method stops fatal side effect, Stanford study finds
11. Study shows new imaging tracer clarifies cause of chest pain up to 30 hours after pain stops

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:8/31/2020)... ... August 31, 2020 , ... Smile Brands ... groups in the United States, today announced the grand opening of another affiliated ... , Patients will enjoy convenient hours, a comfortable office, and full-service care at ...
(Date:8/31/2020)... ... 31, 2020 , ... In an effort to give back to the community ... of each hotel room booked with a special new rate code to benefit children ... , effective immediately. Donations will be applied to any room type, any time, ...
(Date:8/29/2020)... ... August 29, 2020 , ... When professor and author Randy Pausch ... than most people would. Rather than become melancholic, however, he put together a final ... one’s dreams. Randy Pausch took a negative situation and turned it into something that ...
(Date:8/28/2020)... Calif. (PRWEB) , ... August 28, 2020 , ... ... cover a one-year subscription to a customized Lighthouse Health & Wellness mobile app ... support of this project. Motorola Solutions Foundation awards grants each year to organizations, ...
(Date:8/28/2020)... ... August 28, 2020 , ... Ziegler, a ... on its investment in Synchronous Health, a tech-enabled behavioral health and well-being solutions ... of human empathy with artificial intelligence (AI) to increase access and quality of ...
Breaking Medicine News(10 mins):
(Date:8/27/2020)... ... , ... The flu season is right round the corner and the risk of getting caught ... measures before it begins to harbor its effects on us. Already with the sudden outbreak ... impact on our lives. Hence it has become even more relevant to keep oneself immune ...
(Date:8/27/2020)... ... August 27, 2020 , ... The GHT Companies , a leading ... for Feeding San Diego with a press conference at its manufacturing facility ... final check of $5,000.00+ representing an overall donation result exceeding $30,000 to Feeding San ...
(Date:8/26/2020)... ... August 26, 2020 , ... Unscrupulous sellers ... kill Coronavirus. While air purification technologies, including GreenTech Environmental’s proprietary methods, have been ... no air purification system has published results of singular and scientific testing against ...
Breaking Medicine Technology:
Cached News: