CANBERRA, ACT, July 28 -- The Prime Minister of Australia issued the following media release:
The Albanese Government is making cheaper medicines even cheaper - with legislation being introduced to Parliament this week that will mean a prescription on the Pharmaceutical Benefits Scheme (PBS) will cost Australians no more than $25 from 1 January next year.
The last time PBS medicines cost no more than $25 was 2004 - more than 20 years ago.
This is another key cost of living measure delivered by the Albanese Government.
Having already slashed the cost of medicines - with the largest cut to the cost of medicines in the history of the PBS in 2023 - we're now going even further.
This is a more than 20 per cent cut in the maximum cost of PBS...