Australia’s bad drug deal – Grattan Institute

Australia’s bad drug deal

by Stephen Duckett

17.03.2013 report

Australia’s Pharmaceutical Benefits Scheme pays at least $1.3 billion a year too much for prescription drugs. New Zealand, which has capped its budget and appointed independent experts to make decisions, pays a sixth as much as the PBS for the same drugs. This report proposes three ways Australia can regain its lost leadership in pharmaceutical pricing.

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