The Pharmaceutical Benefits Scheme (PBS) has released its ‘Expenditure and Prescriptions Twelve Months to June 2018‘.
The Summary of Pharmaceutical Benefits Scheme 2017-2018 states:
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Total Pharmaceutical Benefits Scheme (PBS) government expenditure (both Section 85 and Section 100) on an accrual accounting basis for the 2017-2018 financial year was $11,690 million (excluding revenue), compared with $12,058 million for the previous year. This is a decrease of 3.0%.
The majority of the Expenditure and Prescriptions report refers to PBS Section 85 and Section 100 data reported by date of supply financial year, however a few tables refer to Section 85 only and there are some tables that report pharmacy program expenditure
Total 2017-18 PBS subsidised prescription volumes increased by 0.8% to a total of 204.1 million, compared to 202.4 million for the 2016-17 financial year.
In 2017-18, PBS Government expenditure (Section 85 and Section 100) was $11,602.9 million (excluding rebates) which is 88.9% of the total cost of PBS prescriptions. The remainder was patient contributions that amounted to $1,455.5 million.
The majority of government expenditure in 2017-18 on PBS Section 85 and Section 100 prescriptions was directed towards concessional cardholders ($7,866.1 million, 67.8% of the total), compared to concessional cardholders expenditure for 2016-17 ($8,121.4 million, 67.9% of the total).
The average dispensed price (Patient payment plus Government benefit) per prescription of PBS subsidised medicines decreased to $64.04 in 2017-18, compared to $66.09 in 2016-17.
The report also details expenditure on professional programmes and services delivered by community pharmacy and pharmacists to support care of patients under the Sixth CPA. Just over $182 million in funding was provided to the Programs administrator, Pharmacy Guild Australia and was broken up as follows:
- Rural Pharmacy Maintenance Allowance – $14.0 million
- Rural Pharmacy Workforce Program – $4.6 million
- Medication Management services (e.g. RMMR, HMR) – $71.4 million
- Medication Adherence services – $78.5 million
- Aboriginal and Torres Strait Islander programs – $5.6 million
- Pharmacy Guild administration fees – $7.6 million
More Information: PBS Expenditure and Prescriptions 2017/18 Report