PBS cost recovery revenue “significantly lower”

September 21, 2012

AN independent review of the cost recovery arrangements for Pharmaceutical Benefit Scheme submissions has found that the revenue from the program is “significantly lower than anticipated when the measure was introduced”. A committee was established in Jul last year to look at the impact cost recovery has had on the PBS, and while concluding that overall there is insufficient data available to ascertain the impact, also recommended that the costing model be reevaluated “to ensure that all costs associated with the evaluation and listing processes are included”. The report, now available online at www.pbs.gov.au, also noted a number of fee exemptions and waivers, and that about a third of sponsors predicted an estimated annual use of less than 2000 scripts in the first 12 months of listing.

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Pharmacy Daily | PBS cost recovery revenue “significantly lower”

PBS cost recovery revenue “significantly lower”

Other recent headlines

LGP results set it for growth

On-site experts in aged care facilities

Pharmacist invention seeks US patent

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES