pharmaceutical benefit scheme

Question 1

definition

Answer 1

The PBS is a federal government initiative that subsidises the cost of essential prescription medications.

Question 2

how is pbs funded

Answer 2

Billions of dollars are paid out by the government through the pharmaceutical benefit scheme. This funding comes from general tax revenue.

Question 3

PBS safety net

Answer 3

Essentially extra financial support. For those who incur signification co-payment costs.

Once an individual or family reaches a certain threshold in one calendar year, this PBS co-payment is reduced for them to pay less for necessary medication.

Question 4

advantages of PBS

Answer 4

It is available to all Australian permanent residents and subsidises the cost of most disease-preventing and lifesaving prescription medications

Question 5

disadvantages of PBS

Answer 5

places a significant financial burden on the federal government

Question 6

sustainability PBS

Answer 6

continually reviewing the medicines available through the PBS means those that will have the greatest benefits are prioritised, assists in keeping scheme

Question 7

access PBS

Answer 7

all Australian citizens and permanent residents are entitled to access subsidised medicines through PBS. The PBS promotes access to essential medicines for low income earners.

Question 8

equity PBS

Answer 8

-PBS safety net further protests individuals and families from large overall expenses for PBS listed medicines