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Tuesday, 21 January 2025
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Who's getting the extra PBS billion?

Posted 31 July 2024 AM

An extra $1 billion was spent subsidising medicines to treat Australians in the 2023/24 financial year, as the Federal Government funded new cancer treatments and GLP-1 sales took off. 

According to information provided by Services Australia, pre-rebate reimbursements from the R/PBS totaled $17.81 billion in the financial year ending June 2024 - a 6.16 per cent increase on the $16.77 billion earned the previous financial year.

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