Four things to know about the Budget
Community pharmacy scored a major win in the national Budget, with $210 million set aside for compensation under the PBS risk-share agreement.
Overall the Budget will deliver $825 million into pharmacy, although most of it is not new money.
Here are four key points:
This will be used to compensate community pharmacies for lower-than-forecast script volumes and further PBS cuts. The money — an average $37,500 per pharmacy over three years — will flow back through an administration, handling and infrastructure (AHI) fee increase for three years from July. The Pharmacy Guild has agreed not to seek additional compensation for low script volumes during this time. Wholesalers will receive $15 million compensation.