Posted by Michael Wonder on 05 Jul 2018
PBS cost recovery implementation statement (2018-2019)
5 July 2018 - PBS and NIP cost recovery – annual indexation of fees.
The recovery of fees associated with the evaluation and listing of medicines, vaccines and other products or services on the Pharmaceutical Benefits Scheme (PBS) and National Immunisation Program (NIP) commenced on 1 January 2010.
The prescribing regulations that underpin PBS and NIP cost recovery are the National Health (Pharmaceutical and Vaccines—Cost Recovery) Regulations 2009. Part 4.7 of the regulations provides for the annual indexation of PBS and NIP cost recovery fees based on annual increases in the Consumer Price Index.
