PHAR4823 Lecture 18: 18. PBS and PBAC
23 Jul 2018
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Document Summary
Improve health outcomes for all australian"s through access to and appropriate use of medicines: meet medication and related service needs, so that both optimal health outcomes and economic objectives are achieved. Importance of partnerships between different levels of healthcare governance and industry. 3-6 years: new candidate medicines (10,000 compounds) Rejected by the health minister following pbac recommendation to reject (or list) They have to pay privately - affordability, availability, equity and safety. Supply and demand is left to the market - equilibrium shift: probably lower prices for their products. Decreased revenue - custodian of pbs needs to explain to angry customers. Pbs is australia"s national reimbursement scheme established in in 1948. Supplied 139 life saving and disease preventing drugs" free of charge to the community. Pbac (nha statutory committee) established in 1954, recommendations to minister of health about what medicine and vaccines should be made available as pharmaceutical benefits. Expenditure reached million per year by 1970.
