What you need to know about the 2016 Budget

Pharmacy groups under the Medicines Partnership of Australia (MPS) have broadly welcomed the “predictability and certainty” of what it says is a “no surprises” budget.

Here are some of the key points:

Community pharmacy:

  • No changes to PBS policy;
  • Nominal expenditure on PBS to increase by 3.4% but real-term expenditure is expected to decrease though price disclosure and other reforms;
  • The TGA will speed up decisions thanks to