Grattan Institute admission shows Australia’s PBS savings proposal was wrong
The Grattan Institute’s proposal on Australia Pharmaceutical Benefits Scheme (PBS) savings has been proven wrong after its admission this week that the savings figure was artificially inflated by (at least) A$165 million ($153.5 million), or almost 40%.
Appearing before the Senate Community Affairs Committee this week, the Institute acknowledged that the proposed annual savings from benchmarking 20 commonly-used A $415 million.
Trade group Medicines Australia chief executive, Brendan Shaw, said the figures put forward by the Grattan Institute and its savings proposal based on those figures were incorrect.
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