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Yuting Zhang, Professor of Health Economics, The University of Melbourne

The price of PBS medicines is coming down. But are we helping the right people?

PBS Yuting Zhang Australia United States
Polina Tankilevitch/Pexels, CC BY-SA

Some Australians will be paying less for prescription medicines from January, in a move announced this week and designed to ease cost-of-living pressures.

Prime Minister Anthony Albanese said the maximum price of Pharmaceutical Benefits Scheme (PBS) medicines would drop from A$42.50 to $30, at a cost to taxpayers of $765.3 million.

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