Posted by Michael Wonder on 16 Jun 2020
Additional $92 million, or 5 percent, government funding for pharmaceutical wholesalers
16 June 2020 - Pharmaceutical wholesalers will receive an additional $92 million, or 5 per cent, funding from the federal government to meet its community service obligations and combat years of tumbling prices for essential drugs.
Health Minister Greg Hunt announced the additional funding on Tuesday, as well as a new floor price for drugs sold under the Pharmaceutical Benefits Scheme (PBS)
Currently, pharmaceutical wholesalers including Sigma Healthcare, Australian Pharmaceutical Industries, Symbion and National Pharmacies receive 7.5 per cent of the value of PBS medicines from the government.
