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The Guardian - AU
The Guardian - AU
National
Tory Shepherd

Big pharma is taking aim at Australia’s PBS. Could Trump force us to pay more for medicines?

PBS United States Australia Donald Trump PhRMA OECD
A customer waits at a counter at National Chemist pharmacy in Canberra, Friday, September 1, 2023. (AAP Image/Lukas Coch) NO ARCHIVING stock, generic, oz stock
A report found that US drug prices were, on average, about 370% higher than in Australia and 278% above the OECD average. Photograph: Lukas Coch/AAP

Pharmaceutical companies in the United States – where millions can’t afford life-saving drugs – are trying to interfere in Australia’s national, subsidised medicine system.

In Australia, prices for pharmaceutical medicines are capped at $31.60 if listed on the Pharmaceutical Benefits Scheme (PBS).

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