Pharmacy Daily | PBS pricing update

The Department of Health has posted updated Price Disclosure Guidelines on its PBS website. Titled Price Disclosure Arrangements Procedural and Operational Guidelines for Expanded and Accelerated Price Disclosure, the updated Guidelines reflect changes made to the National Health (Pharmaceutical Benefits) Regulations in April 2013. As well as advance notice of 01 Dec prices resulting from the 2013 Supplementary Cycle B of EAPD, the Guidelines also provide info about other matters including how to disclose data when the commercial responsibility for a brand passes before the legally responsible person has been changed; calculating new premiums for price disclosure reductions; how price disclosure reductions are applied to new brands listing after the end of a data collection period and before the reduction day; and how reduced prices are adjusted to take account of any change in pricing quantity for brands of a pharmaceutical item between the end of the data collection period and the reduction day - details HERE.

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