Albo to slash cost of prescription medication

News.com.au - 19/03
Anthony Albanese will slash the cost of prescription medicine in Australia to the lowest level in twenty years if re-elected, pledging Aussies will not pay more than $25 a Pharmaceutical Benefits Scheme (PBS) script.

Anthony Albanese will slash the cost of prescription medicine in Australia to the lowest level in twenty years if re-elected, pledging Aussies will not pay more than $25 a Pharmaceutical Benefits Scheme (PBS) script.

In a huge move designed to make the federal election all about Medicare, the Prime Minister unveiled the big change overnight promising it will come into force on January 1, 2026, but only if he secures a second term.

It could save people with chronic health conditions up to $200 a year with the government providing everyday examples of a perimenopausal woman or a child with ADHD saving around $80 a year on a standard script.

The cost of medicine on the PBS is already frozen at $7.70 a script for concession cardholders. However, non-concession card holders pay $31.60.

Under the changes proposed that will be slashed to $25 a script saving some patients in a move designed to also put downward pressure on inflation.

Anthony Albanese.

Pensioners and...
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