Friday, 23 February, 2024

01 Oct 2003 | Australasian Dental Practice

news > Briefs > Page 8

The real costs of medicines

Medicare Government policies and funding PBS

The Federal Government has embarked on a public awareness campaign to try and curb the costs of subsidised drugs under the slogan "The prescription for a healthy Pharmaceutical Benefits Scheme".


The PBS covers approximately 600 medicines in 1500 forms and strengths available under more than 2500 brand names. In 2001-02, the PBS cost taxpayers $4.5 billion and accounted for an estimated 15% of the Commonwealth's health budget. The PBS caps the cost of listed drugs to Concession cardholders to $3.70 per prescription and a maximum of $23.10 for Medicare cardholders, with the Government contributing the rest.

Whereas many antibiotics require no subsidy and sell for less tham $23.10, Donepezil, used in treating Alzheimer's disease, costs $158.62; Risperidone, used to treat Schizophrenia, costs $209.62; Goserelin, used to treat prostate cancer, costs $1145.64; Paclitaxel, used to treat breast and ovarian cancer, costs $2350.61; and Imatinib, used to treat chronic Myeloid Leukaemia, costs $5658.50. The cost of the PBS has increased 60% in the last four years and a range of initiatives is being implemented to try and stem this growth by eliminating waste in the some 160 million PBS prescriptions supplied each year. Increased costs of the scheme, which is one of the cornerstones of Medicare, together with pressures from free trade talks with the U.S., threaten the system.

Surgery Design

Staying Safe

Management

Clinical

Stream the latest dental videos...
How the market may influence your home buying strategy

Sponsored Links...

Upcoming Events...

Feb 23 2024
Feb 29 2024
Mar 06 2024
Mar 09 2024
Mar 12 2024
Mar 13 2024
Mar 13 2024
Mar 14 2024

Expodental 2024

Madrid, SPAIN

Mar 15 2024
Mar 16 2024
Mar 21 2024

ADX24 Sydney

Sydney, AUSTRALIA

Mar 22 2024
Apr 05 2024
Apr 12 2024
Apr 16 2024

Dentists Behaving 'Very' Badly

Brisbane, AUSTRALIA

Apr 19 2024
Apr 19 2024

IDEM Singapore 2024

Singapore, SINGAPORE

Apr 23 2024
Apr 24 2024
May 01 2024
May 02 2024
May 09 2024
May 11 2024
May 14 2024
May 22 2024
May 24 2024
May 29 2024
May 30 2024
May 31 2024

Scottish Dental Show 2024

Glasgow, UNITED KINGDOM

May 31 2024

Famdent Show Mumbai 2024

Mumbai, INDIA

Jun 01 2024
Jun 06 2024
Jun 09 2024
Jun 11 2024
Jun 22 2024
Jul 16 2024
Jul 25 2024
Aug 23 2024
Aug 29 2024

Practical Endodontics Workshop

Sydney, AUSTRALIA

Sep 07 2024
Sep 14 2024
Sep 26 2024
Oct 03 2024
Oct 10 2024
Oct 17 2024

ADOHTA 2024 National Congress

Sydney, AUSTRALIA

Oct 24 2024
Nov 13 2024
Nov 29 2024
Mar 25 2025

IDS 2025

Cologne, GERMANY

May 08 2025