Australian mid-year economic and fiscal outlook does not show cost increases for PBS

15 December 2014
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The Mid-Year Economic and Fiscal Outlook released by the Australian government did not indicate any cost increases for the Pharmaceutical Benefits Scheme.

It gave a revised overall budget deficit of A$40.4 billion ($33 billion), more than A$10 billion larger than seven months ago; the price disclosure reforms have meant pharmaceutical benefit costs have remained generally the same, standing at $10.5 billion.

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