10 things pharmacists should know about the Budget
The 2019 federal Budget has delivered more than $200 million to community pharmacy – but little in the way of new announcements.
Here are 10 key Budget measures announced on Tuesday night:
- $215 million, starting in 2020/21, to continue the increase in the administration handling fee (AHI) for a further three years. The Minister for Health, Greg Hunt, announced the three-year extension of the additional money at APP in March. The measure has been partially funded by reallocating money from 6CPA professional programs.
- Improved cash flow for pharmacies through reducing the time to process PBS claims from 9-16 days to 2-9 days, also announced at APP.
- $15 million to expand the Dose Administration Aids and MedsCheck programs.
- $15 million over three years, starting in 2020/21, for additional CSO payments to pharmacy wholesalers.
- Government support of a Canberra trial to embed a part-time pharmacist in all 27 aged care facilities in the city.
- A new unit of clinical pharmacists within the Aged Care Quality and Safety Commission. The pharmacists will work directly with residential aged care facilities to improve medication safety.
- Aligning private and public hospital funding with community pharmacy pricing arrangements from 1 July 2019.
- $7.2 million for a PBS-subsidised take-home program for naloxone. The PSA says it is vital for community pharmacy to be part of this program.
- $331 million over five years from 2019/20 for new and amended PBS listings.
- The instant asset write-off threshold has been increased to $30,000, effective immediately, and expanded to businesses with an annual turnover under $50 million (up from $10 million). It will be phased out at the end of June 2020. The $30,000 applies to individual assets, so pharmacy owners can write off multiple assets.