Reforming prostheses listing to make private health insurance more affordable

Patients will get better value for money and more certainty and equity through their private health insurance, with a revamped Prostheses List Advisory Committee (PLAC).

Page last updated: 08 September 2016

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8 September 2016

Patients will get better value for money and more certainty and equity through their private health insurance, with a revamped Prostheses List Advisory Committee (PLAC) announced today.

The Federal Government regulates the prices for thousands of medical devices ranging from pacemakers and hip replacements through to the tiniest of orthopaedic screws.

Minister for Health Sussan Ley said reforming the PLAC was a necessary first step as part of the Turnbull Government’s broader private health reform agenda, designed to ensure consumers received better value for money and choice from their policy.

“The number one focus for the new PLAC will be to improve affordability and access to medical devices for consumers. The PLAC will also improve the transparency of the listing process and reduce duplication with the TGA's assessment processes,” Minister Ley said.

“Only the Turnbull Government promised during the election to improve value for money for the millions of Australians with private health insurance, as well as tackle the increase in fine print and junk policies flooding the market.

“In contrast, all Labor could promise was $7 billion worth of cuts to private health insurance without any plan to reform it.”

Professor Terry Campbell will be appointed as the new Chair of PLAC. Professor Campbell is a Professor of Medicine at University of New South Wales and Head of the Department of Medicine, St Vincent's Hospital, Sydney.

Minister Ley said that Professor Campbell’s experience as a long-standing member of the Pharmaceutical Benefits Advisory Committee would benefit the PLAC as it drives improved cost effectiveness of medical devices in the private health system.

The revamped PLAC will consist of a range of representatives, including additional clinicians, TGA and DVA officers and industry representatives from the private health sector.

ENDS

Media contact: Randal Markey 0417 318 620 or Jessica Howe 0428 426 293

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