GRATTAN Institute Health Fellow
Peter Breadon has said figures for
Australian drugs at UK prices had
changed.
Speaking at the public hearing for
the National Health Amendment
(Pharmaceutical Benefits) Bill,
Breadon said if Australia had
UK prices for 20 drugs, taking
into account the October price
disclosure cuts, the government
would save $415m.
However Institute reports had
previously said the savings would
be $580m a year because, at the
time of writing a submission for
the inquiry, the prices were “still
indicative”, Breadon said.
Medicines Australia ceo Dr
Brendan Shaw said the organisation
had argued for some time that the
figures were incorrect and that
ongoing price disclosure reductions
translated to nearly $20b in
ongoing savings by 2017-18.
CLICK HERE to read more.The above article was sent to subscribers in Pharmacy Daily's issue from 22 Aug 14 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 22 Aug 14
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