COULD the 60 DD policy destroy owner-operator pharmacies and create a Chemist Warehouse and TerryWhite duopoly? asked Qld MP Robert Katter in Parliament this week, to which the Federal Health Minister Mark Butler said, "I don't agree with a number of the assertions in it".
"This measure will go nowhere near to halving pharmacy income.
"On their own data, pharmacists as an industry will earn about $100b over the next four years, assuming no growth.
"They got 30% growth over the last four.
"These measures, depending on which modelling you accept - the industry's, the guild's or the government's - are somewhere in the vicinity of 1-1.5 % of that revenue, again assuming no growth."
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