Pharmaceutical Benefit Scheme: Financial Impact on Australia

Health Financial Management
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Contents
Executive summary....................................................................................................................3
Introduction................................................................................................................................4
General discussion.....................................................................................................................4
Issues explored...........................................................................................................................5
Conclusion..................................................................................................................................8
References..................................................................................................................................9
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Executive summary
Pharmaceutical benefit scheme is a scheme that is initiated by government of Australia in in
order to provide prescribed medication that at lower prices to residents of Australia. Main
motive of this scheme was to improve the quality of Healthcare services in Australia. This
report has examine the various rules and regulation of PBS. After a detailed evaluation of the
scheme it was evaluated that it can have potential negative financial impact on economy of
Australia in coming future. There are some issues with this scheme that are discussed in this
report along with some recommendations that can help in dealing with the issues.
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