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Cathy Mihalopoulos, Professor, Monash University

The tricky economics of subsidising psychedelics for mental health therapy

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Australia is the world’s first country to legalise the medical use of psychedelics. But not everyone is sure the timing is right. There are still major issues to work out for this move to benefit those most in need.

In particular, there is the question of whether psychedelic medicines will be publicly subsidised, given the lack of data about their cost-effectiveness compared with other treatments.

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