Government’s PBS forecasting ‘criminal’: GMiA

Revised Government forecasts showing that PBS reforms will yield significantly more than previously anticipated are “criminal”, according to Mark Crotty, Generic Medicines Industry Australia (GMiA) chair.

Speaking at APP2014, Mr Crotty hit out at the Government’s push to find savings through the PBS, despite the taxpayer-funded scheme reporting negative growth for the first time in 2013.

Mr Crotty told delegates that the original Government forecast in 2007 predicted that the PBS would grow at 8% of GDP, however that forecast has since been revised