GMiA urges policy shift
July 4, 2013
THE Generic Medicines Industry
Association, under its newly minted
chairman Mark Crotty (PD Mon),
has issued its election manifesto,
urging the next government to
promote and encourage the uptake
of generic medicines as a way of
delivering substantial savings to the
national economy.
The document says the PBS is an
investment in providing universal
health care to all of Australia,
adding that: “the Government must
stop the practice of dismissing this
important health subsidy scheme
as a burden on taxpayers.”
The GMiA points out that its
members provided 35.4% of the
volume of the PBS in 2011/12, for
only 12.4% of the ex-manufacture
sales figures, meaning generics
gave “real value for money”.
Key actions urged by the GMiA
include providing patient incentives
to increase the uptake of generics,
with an estimate that if just 4% of
branded products on the PBS were
moved to generic medicines the
savings would amount to over $200
million every year.
The association is also urging
an incoming government to
redress the current imbalance in
the intellectual property system,
with generics currently being
“inappropriately delayed” due to
patent extensions.
And finally GMiA is urging support
for the domestic generic medicines
industry, which creates 2,400 skilled
jobs, through “urgent taxation and
industrial relations reform”.
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