Medicines industry calls for discount rate reduction now

Medicines Australia

18 November 2022 - Medicines Australia welcomes the recommendation to lower the discount rate for medicines and vaccines but questions why it should be delayed for two years.

Today, the PBAC – the expert committee that evaluates the value of medicines in Australia – published advice recommending Australia’s discount rate could be lowered between 3.5% – 4% to bring the country closer to other recommended international standards.

Read Medicines Australia press release

Michael Wonder

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Michael Wonder