MA MoU revealed
May 12, 2010
MEDICINES Australia has
released the full details of its new
agreement with the government
(PD Thu) which delivers savings to
of $1.86b over the next five years.
“For the first time in the history of
the PBS we have a written
agreement that provides
government with fiscal certainty,”
said MA ceo Brendan Shaw.
He said the pact gives the
industry business certainty and “a
predictable PBS policy environment.”
In the MoU the government
promises “not to implement new
policy to generate price-related
savings from the PBS...that would
change the ex-manufacturer price
of particular medicines”.
There’s also an undertaking not
to form any new Therapeutic
Groups during the MoU period -
but the government will persist with
the three groups which were
announced last year and are
subject to a Senate enquiry,
comprising drugs for the treatment
of depression, osteoporosis and
Paget disease.
It continues the separation of the
existing F1 and F2 formularies but
also agrees to an increase in price
reductions to single-brand PBS
drugs on listing of a competitor
brand from 12.5% to 16%.
Drugs on the F2A list will have a
2% price cut applied on 30 Sep this
year, in addition to the 2%
reduction from 01 Aug, while a 5%
price reduction will apply to F2T
medications on 30 Sep.
From 01 Oct all brands of all
drugs in the F2 formulary will be
subject to price disclosure.
And in a move certain to infuriate
generics manufacturers the govt has
also undertaken not to introduce
any measure which “favours the
prescribing or dispensing of generic
brands of a drug over originator
brands of the same drug”.
The MoU also agrees that the
indexed $1.53 incentive for
dispensing of premium-free brands
of drugs will continue.
The above article was sent to subscribers in Pharmacy Daily's issue from 12 May 10To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 12 May 10
Warning: Undefined variable $flipbook_id in
/home/pharmacydaily.com.au/public_html/wp-content/themes/child-custom-theme/functions.php on line
1259
Warning: Undefined variable $o_shortcode_atts in
/home/pharmacydaily.com.au/public_html/wp-content/themes/child-custom-theme/functions.php on line
1263
Warning: Undefined variable $output in
/home/pharmacydaily.com.au/public_html/wp-content/themes/child-custom-theme/functions.php on line
1266
