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Australia To Consider New Drug Price Caps In Next Year’s Budget

This article was originally published in PharmAsia News

Executive Summary

Australia's federal government plans to lower the caps on the price of the medicines it covers when it considers next year's budget later this year. Drug makers are being advised by the Health Ministry that the budget might go after company profits if the current practice of discounts and incentives to pharmacists to push drugs is not restrained. The discounts get passed on to the consumer, Minister Nicola Roxon said, and the government does not feel the Pharmaceutical Benefits Scheme should be propping up industry profits, particularly in the current economic climate. (Click here for more

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