Posted by Michael Wonder on 20 Nov 2017
Explainer: how is the price of medicine decided in Australia?
20 November 2017 - The cost governments are willing to pay drug companies for medicines depends on the outcome the drug will provide.
Every few months there are news stories about expensive medicines becoming affordable for Australian patients. Just as often, there are stories about medicines that aren’t approved for government subsidy.
We read of the financial stress for families to access medicines not yet funded in Australia, compared with the relief for patients who now face a cost of only A$38.80 a month to access a newly funded medicine.
