Australia cuts down public health bill by investing in new medicines under PBS - Report
Investing in new medicines helps cut down other public health expenditure in Australia, according to a new report from American economist Professor Frank Lichtenberg.
The report indicates the benefits of investing in the Pharmaceutical Benefits Scheme (PBS) by the Australian government.
Trade group Medicines Australia chief executive Tim James said: “This comprehensive study shows that taxpayers and patients are getting value for money from government investment in the PBS. The report clearly demonstrates that the PBS is highly cost effective and also reduces health expenditure across our hospitals.”
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