[Sethia Soliman]

The federal government plans to cut the prices of this essential as early as next year​

Good news, everyone! Amid price hikes and cost of living struggles, there seems to be a light at the end of the tunnel after one essential’s price is set to drop as soon as next year.

Prescription medicine prices will be slashed in a new cost of living measure by the federal government to alleviate cost of living pressure.

Copayment for scripts under the Pharmaceutical Benefits Scheme will soon be capped at $30, in contrast with the current maximum copayment of $42.50.

The program will save people who are required to take multiple medications regularly hundreds of dollars each year and help prevent situations wherein people are forced to delay necessary treatment to afford other essentials.

Australians shouldn’t have to worry about the affordability of medicine. Source: Unsplash​

The slight downside is that the measure won’t come into effect until January 1, with the Albanese government tabling the bill in parliament on Wednesday.

Health Minister Mark Butler mentioned that nearly a million Australians delay or avoid filling prescriptions, citing recent research.

‘Cutting the medicines’ price by nearly one-third will mean more people can afford to get the medications they need to stay healthy without worrying too much about the price.’ he said.

‘This change will put close to $200 million back in the pockets of Australians each year.’

However, Prime Minister Anthony Albanese has acknowledged that there will be difficult decisions in the October budget, despite the inflation crisis.

As inflation and interest rates continue to escalate, the government has flagged it would minimise spending due to large amounts of Commonwealth debt. The prime minister said that he’s aiming to be transparent about possible cost-cutting measures in the federal budget.

‘We’ve inherited $1 trillion of Liberal Party debt. When the interest rate rises, so do the repayment costs of that Liberal Party debt.’ he explained at a press conference in Canberra on Wednesday.

‘What that means is that we can’t do everything that we would like to do.’

The prime minister is under pressure. Source: Bloomberg.com​

The announcement followed after the Reserve Bank raised the official interest rate for the fifth consecutive month on Tuesday.

The cash rate now sits at a seven-year high of 2.35 per cent, a significant rise from the record low of 0.1 per cent.

The government is under pressure to maintain a cut to the fuel excise, which expires at the end of the month. The end of the fuel excise cut will inevitably increase petrol prices by roughly 25 cents per litre.

Albanese said improving Australia’s cost of living will be the main focus of the budget.

‘We’ll be going through line by line, looking for the waste which was there from the former government, looking for their largesse and these funds used just for political purposes and not for the national interest.’ he said.

He’s already followed through in recouping funds by scrapping the $18 million promised by the Morrison government to the Australian Future Leaders Foundation. The ABC reports the foundation had ‘never run a leadership program and had no website or staff’.

‘All of the former government’s commitments are under review.’ said the PM.

What are your thoughts about this new measure? What other programs do you think the Australians need? Let us know in the comments below. We think that everyone deserves a breather from the endless price hikes – the sooner, the better.

 

[grays]

The Albanese government deserves no credit for this Pharma move at all!

Any and all credit for this should go to the Coalition who put this up as an election promise, only to have it stolen by Labor.

The reduction does NOT go to everyone! ALl they have done is adjust the cutoff amount by raising the complicated 'Adjusted Taxable Income' which means many thousands still will have to pay the full price.

And note, it could have been done effective on passing the Bill - not waiting until 1st January, so it's no help to those who need to benefit TODAY.

So, no flag-flyers for Albanese on this ....

The reduced price should apply to every AUSTRALIAN CITIZEN, 70+ yeas old not based on any income, assets or other financial test.

 

[Suzanne rose]

Can't wait it cost me $44 and $46 for 2 if my daughters medications every 2 weeks or so

 

[philg]

Good news, everyone! Amid price hikes and cost of living struggles, there seems to be a light at the end of the tunnel after one essential’s price is set to drop as soon as next year.

Prescription medicine prices will be slashed in a new cost of living measure by the federal government to alleviate cost of living pressure.

Copayment for scripts under the Pharmaceutical Benefits Scheme will soon be capped at $30, in contrast with the current maximum copayment of $42.50.

The program will save people who are required to take multiple medications regularly hundreds of dollars each year and help prevent situations wherein people are forced to delay necessary treatment to afford other essentials.

Australians shouldn’t have to worry about the affordability of medicine. Source: Unsplash​

The slight downside is that the measure won’t come into effect until January 1, with the Albanese government tabling the bill in parliament on Wednesday.

Health Minister Mark Butler mentioned that nearly a million Australians delay or avoid filling prescriptions, citing recent research.

‘Cutting the medicines’ price by nearly one-third will mean more people can afford to get the medications they need to stay healthy without worrying too much about the price.’ he said.

‘This change will put close to $200 million back in the pockets of Australians each year.’

However, Prime Minister Anthony Albanese has acknowledged that there will be difficult decisions in the October budget, despite the inflation crisis.

As inflation and interest rates continue to escalate, the government has flagged it would minimise spending due to large amounts of Commonwealth debt. The prime minister said that he’s aiming to be transparent about possible cost-cutting measures in the federal budget.

‘We’ve inherited $1 trillion of Liberal Party debt. When the interest rate rises, so do the repayment costs of that Liberal Party debt.’ he explained at a press conference in Canberra on Wednesday.

‘What that means is that we can’t do everything that we would like to do.’

The prime minister is under pressure. Source: Bloomberg.com​

The announcement followed after the Reserve Bank raised the official interest rate for the fifth consecutive month on Tuesday.

The cash rate now sits at a seven-year high of 2.35 per cent, a significant rise from the record low of 0.1 per cent.

The government is under pressure to maintain a cut to the fuel excise, which expires at the end of the month. The end of the fuel excise cut will inevitably increase petrol prices by roughly 25 cents per litre.

Albanese said improving Australia’s cost of living will be the main focus of the budget.

‘We’ll be going through line by line, looking for the waste which was there from the former government, looking for their largesse and these funds used just for political purposes and not for the national interest.’ he said.

He’s already followed through in recouping funds by scrapping the $18 million promised by the Morrison government to the Australian Future Leaders Foundation. The ABC reports the foundation had ‘never run a leadership program and had no website or staff’.

‘All of the former government’s commitments are under review.’ said the PM.

What are your thoughts about this new measure? What other programs do you think the Australians need? Let us know in the comments below. We think that everyone deserves a breather from the endless price hikes – the sooner, the better.

please dont make pensioners pay a fee or the gap at doctors it is hard enough getting into see doctors now ...and this i also think is part of the ambulance ramping problem as people that cant get to a doctor call the ambos so they get taken to hospital to see the doctor

 

[Henrykot]

The Albanese government deserves no credit for this Pharma move at all!

Any and all credit for this should go to the Coalition who put this up as an election promise, only to have it stolen by Labor.

The reduction does NOT go to everyone! ALl they have done is adjust the cutoff amount by raising the complicated 'Adjusted Taxable Income' which means many thousands still will have to pay the full price.

And note, it could have been done effective on passing the Bill - not waiting until 1st January, so it's no help to those who need to benefit TODAY.

So, no flag-flyers for Albanese on this ....

The reduced price should apply to every AUSTRALIAN CITIZEN, 70+ yeas old not based on any income, assets or other financial test.

Stop your whinging and just say something positive about this good news for many Aussies.

 

[Anthony]

The Albanese government deserves no credit for this Pharma move at all!

Any and all credit for this should go to the Coalition who put this up as an election promise, only to have it stolen by Labor.

The reduction does NOT go to everyone! ALl they have done is adjust the cutoff amount by raising the complicated 'Adjusted Taxable Income' which means many thousands still will have to pay the full price.

And note, it could have been done effective on passing the Bill - not waiting until 1st January, so it's no help to those who need to benefit TODAY.

So, no flag-flyers for Albanese on this ....

The reduced price should apply to every AUSTRALIAN CITIZEN, 70+ yeas old not based on any income, assets or other financial test.

The Albanese government deserves no credit for this Pharma move at all!

Any and all credit for this should go to the Coalition who put this up as an election promise, only to have it stolen by Labor.

The reduction does NOT go to everyone! ALl they have done is adjust the cutoff amount by raising the complicated 'Adjusted Taxable Income' which means many thousands still will have to pay the full price.

And note, it could have been done effective on passing the Bill - not waiting until 1st January, so it's no help to those who need to benefit TODAY.

So, no flag-flyers for Albanese on this ....

The reduced price should apply to every AUSTRALIAN CITIZEN, 70+ yeas old not based on any income, assets or other financial test.

So should 1 trillion debt

 

[Singomate]

please dont make pensioners pay a fee or the gap at doctors it is hard enough getting into see doctors now ...and this i also think is part of the ambulance ramping problem as people that cant get to a doctor call the ambos so they get taken to hospital to see the doctor

The Aldanese Government has started well ,have you noticed they are Governing not sitting in Parliament sh t canning the other's its refreshing

 

[Suzanne rose]

Doctors have started charging the gap payments atm concession card holders are exempt.

My medical centre are now charging gap payments regardless who you are if you need to see a Doctor on a Saturday

 

[POG]

Good news, everyone! Amid price hikes and cost of living struggles, there seems to be a light at the end of the tunnel after one essential’s price is set to drop as soon as next year.

Prescription medicine prices will be slashed in a new cost of living measure by the federal government to alleviate cost of living pressure.

Copayment for scripts under the Pharmaceutical Benefits Scheme will soon be capped at $30, in contrast with the current maximum copayment of $42.50.

The program will save people who are required to take multiple medications regularly hundreds of dollars each year and help prevent situations wherein people are forced to delay necessary treatment to afford other essentials.

Australians shouldn’t have to worry about the affordability of medicine. Source: Unsplash​

The slight downside is that the measure won’t come into effect until January 1, with the Albanese government tabling the bill in parliament on Wednesday.

Health Minister Mark Butler mentioned that nearly a million Australians delay or avoid filling prescriptions, citing recent research.

‘Cutting the medicines’ price by nearly one-third will mean more people can afford to get the medications they need to stay healthy without worrying too much about the price.’ he said.

‘This change will put close to $200 million back in the pockets of Australians each year.’

However, Prime Minister Anthony Albanese has acknowledged that there will be difficult decisions in the October budget, despite the inflation crisis.

As inflation and interest rates continue to escalate, the government has flagged it would minimise spending due to large amounts of Commonwealth debt. The prime minister said that he’s aiming to be transparent about possible cost-cutting measures in the federal budget.

‘We’ve inherited $1 trillion of Liberal Party debt. When the interest rate rises, so do the repayment costs of that Liberal Party debt.’ he explained at a press conference in Canberra on Wednesday.

‘What that means is that we can’t do everything that we would like to do.’

The prime minister is under pressure. Source: Bloomberg.com​

The announcement followed after the Reserve Bank raised the official interest rate for the fifth consecutive month on Tuesday.

The cash rate now sits at a seven-year high of 2.35 per cent, a significant rise from the record low of 0.1 per cent.

The government is under pressure to maintain a cut to the fuel excise, which expires at the end of the month. The end of the fuel excise cut will inevitably increase petrol prices by roughly 25 cents per litre.

Albanese said improving Australia’s cost of living will be the main focus of the budget.

‘We’ll be going through line by line, looking for the waste which was there from the former government, looking for their largesse and these funds used just for political purposes and not for the national interest.’ he said.

He’s already followed through in recouping funds by scrapping the $18 million promised by the Morrison government to the Australian Future Leaders Foundation. The ABC reports the foundation had ‘never run a leadership program and had no website or staff’.

‘All of the former government’s commitments are under review.’ said the PM.

What are your thoughts about this new measure? What other programs do you think the Australians need? Let us know in the comments below. We think that everyone deserves a breather from the endless price hikes – the sooner, the better.

But Albanesi let it go through, unlike all other beneficial policies that the LNP stopped

 

[POG]

But Albanesi let it go through, unlike all other beneficial policies that the LNP stopped

 

[peteloo]

It’s a sad thing to think that this move encourages continued dependency on drugs rather than promoting health through a healthy diet regime and health supplements when our food doesn’t provide sufficient nutritional intake because of poor food quality (Fast food) or rising food prices.

 

[freedy50]

Good news, everyone! Amid price hikes and cost of living struggles, there seems to be a light at the end of the tunnel after one essential’s price is set to drop as soon as next year.

Prescription medicine prices will be slashed in a new cost of living measure by the federal government to alleviate cost of living pressure.

Copayment for scripts under the Pharmaceutical Benefits Scheme will soon be capped at $30, in contrast with the current maximum copayment of $42.50.

The program will save people who are required to take multiple medications regularly hundreds of dollars each year and help prevent situations wherein people are forced to delay necessary treatment to afford other essentials.

Australians shouldn’t have to worry about the affordability of medicine. Source: Unsplash​

The slight downside is that the measure won’t come into effect until January 1, with the Albanese government tabling the bill in parliament on Wednesday.

Health Minister Mark Butler mentioned that nearly a million Australians delay or avoid filling prescriptions, citing recent research.

‘Cutting the medicines’ price by nearly one-third will mean more people can afford to get the medications they need to stay healthy without worrying too much about the price.’ he said.

‘This change will put close to $200 million back in the pockets of Australians each year.’

However, Prime Minister Anthony Albanese has acknowledged that there will be difficult decisions in the October budget, despite the inflation crisis.

As inflation and interest rates continue to escalate, the government has flagged it would minimise spending due to large amounts of Commonwealth debt. The prime minister said that he’s aiming to be transparent about possible cost-cutting measures in the federal budget.

‘We’ve inherited $1 trillion of Liberal Party debt. When the interest rate rises, so do the repayment costs of that Liberal Party debt.’ he explained at a press conference in Canberra on Wednesday.

‘What that means is that we can’t do everything that we would like to do.’

The prime minister is under pressure. Source: Bloomberg.com​

The announcement followed after the Reserve Bank raised the official interest rate for the fifth consecutive month on Tuesday.

The cash rate now sits at a seven-year high of 2.35 per cent, a significant rise from the record low of 0.1 per cent.

The government is under pressure to maintain a cut to the fuel excise, which expires at the end of the month. The end of the fuel excise cut will inevitably increase petrol prices by roughly 25 cents per litre.

Albanese said improving Australia’s cost of living will be the main focus of the budget.

‘We’ll be going through line by line, looking for the waste which was there from the former government, looking for their largesse and these funds used just for political purposes and not for the national interest.’ he said.

He’s already followed through in recouping funds by scrapping the $18 million promised by the Morrison government to the Australian Future Leaders Foundation. The ABC reports the foundation had ‘never run a leadership program and had no website or staff’.

‘All of the former government’s commitments are under review.’ said the PM.

What are your thoughts about this new measure? What other programs do you think the Australians need? Let us know in the comments below. We think that everyone deserves a breather from the endless price hikes – the sooner, the better.

I've got one lot of pills I have to have that cost $42.50. So that will go down to $30. I can put that $12.50 saving against the other 5 lots of pills I also have to take.

 

[Ezzy]

Good news, everyone! Amid price hikes and cost of living struggles, there seems to be a light at the end of the tunnel after one essential’s price is set to drop as soon as next year.

Prescription medicine prices will be slashed in a new cost of living measure by the federal government to alleviate cost of living pressure.

Copayment for scripts under the Pharmaceutical Benefits Scheme will soon be capped at $30, in contrast with the current maximum copayment of $42.50.

The program will save people who are required to take multiple medications regularly hundreds of dollars each year and help prevent situations wherein people are forced to delay necessary treatment to afford other essentials.

Australians shouldn’t have to worry about the affordability of medicine. Source: Unsplash​

The slight downside is that the measure won’t come into effect until January 1, with the Albanese government tabling the bill in parliament on Wednesday.

Health Minister Mark Butler mentioned that nearly a million Australians delay or avoid filling prescriptions, citing recent research.

‘Cutting the medicines’ price by nearly one-third will mean more people can afford to get the medications they need to stay healthy without worrying too much about the price.’ he said.

‘This change will put close to $200 million back in the pockets of Australians each year.’

However, Prime Minister Anthony Albanese has acknowledged that there will be difficult decisions in the October budget, despite the inflation crisis.

As inflation and interest rates continue to escalate, the government has flagged it would minimise spending due to large amounts of Commonwealth debt. The prime minister said that he’s aiming to be transparent about possible cost-cutting measures in the federal budget.

‘We’ve inherited $1 trillion of Liberal Party debt. When the interest rate rises, so do the repayment costs of that Liberal Party debt.’ he explained at a press conference in Canberra on Wednesday.

‘What that means is that we can’t do everything that we would like to do.’

The prime minister is under pressure. Source: Bloomberg.com​

The announcement followed after the Reserve Bank raised the official interest rate for the fifth consecutive month on Tuesday.

The cash rate now sits at a seven-year high of 2.35 per cent, a significant rise from the record low of 0.1 per cent.

The government is under pressure to maintain a cut to the fuel excise, which expires at the end of the month. The end of the fuel excise cut will inevitably increase petrol prices by roughly 25 cents per litre.

Albanese said improving Australia’s cost of living will be the main focus of the budget.

‘We’ll be going through line by line, looking for the waste which was there from the former government, looking for their largesse and these funds used just for political purposes and not for the national interest.’ he said.

He’s already followed through in recouping funds by scrapping the $18 million promised by the Morrison government to the Australian Future Leaders Foundation. The ABC reports the foundation had ‘never run a leadership program and had no website or staff’.

‘All of the former government’s commitments are under review.’ said the PM.

What are your thoughts about this new measure? What other programs do you think the Australians need? Let us know in the comments below. We think that everyone deserves a breather from the endless price hikes – the sooner, the better.

Looking forward to this ourselves as we normally reach the limit by June. My only concern is that we may receive but will we also lose something in the future?

 

[Esma Rose]

Spot on Ezzy. The wise old tale is take with one hand, put back with the other. In the long run we are 2 forward three back. Gone are the days when you can safely budget. As for planning it is a joke.
























































yes

 

[Singomate]

I beg to differ we will still pay $6.80 per script in Queensland

 

[Suzanne rose]

I've got one lot of pills I have to have that cost $42.50. So that will go down to $30. I can put that $12.50 saving against the other 5 lots of pills I also have to take.

 

[Ezzy]

I beg to differ we will still pay $6.80 per script in Queensland

Why so if this is a Federal action, that will not apply until next year?