‘There will be consequences’, says Big Pharma

THE government is buying into another potentially bloody budget fight by hitting Big Pharma to achieve its health savings goal.

While Health Minister Sussan Ley says the plan will cut patients’ medication costs overall, the proposed 5% hit to expensive, cutting-edge drugs has riled the powerful drug lobby.

Medicines Australia CEO Tim James said his membership of 55 drug manufacturers could not accept the “hasty and arbitrary” price cuts, warning there would be “grave and unintended consequences”.

“You can’t pull