6 May 2014 - The price government is prepared to pay for a medicine that will save an Australian life has not changed in the last decade and remains at around $50,000 a year.

The expert government committee that decides which medicines deserve a government subsidy state $50,000 is the rough benchmark price it puts on the value of one quality year of life.

That’s the same price former PBAC chief Lloyd Sansom said was being used in 2004.

For more details, go to: http://www.news.com.au/lifestyle/health/the-price-government-puts-on-a-year-of-your-life-is-50000/st...