Three reasons to be pleased about the new PBS legislation

Guild says changes are good news as they protect the supply chain

The Federal Government has passed new PBS legislation that gives community pharmacy three reasons for a collective sigh of relief.

good news

These are:

  • Certainty over ownership location rules, with the removal of the sunset clause.
  • A price disclosure cap. At present the PBS price of a medicine is dropped if the average sale price is at least 10% lower than the PBS price. This threshold will increase to 30% for medicines that have already gone through seven price disclosure cycles.
  • Possible discount reduction when first competing brand enters the market. This comes