Millions of Aussies benefit from medicine price drop

The Australian Government will reduce the cost of more than 300 medicine brands by as much as 40 per cent, benefiting millions of Australian patients

Page last updated: 01 April 2018

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1 April 2018

From today, the Turnbull Government will reduce the cost of more than 300 medicine brands by as much as 40 per cent, benefiting millions of Australian patients.

Australians with conditions including high blood pressure, depression, digestive disorders and certain types of cancer will now pay less for their medicines, every time they visit the pharmacy.

Millions of scripts will now be up to five dollars cheaper, with more than $60 million worth of savings passed on to patients over the next four years.

The lower prices are a result of the Government’s price disclosure policy which requires price transparency from pharmaceutical companies resulting in lower costs to taxpayers and patients.

More than 620,000 patients taking esomeprazole for digestive disorders will benefit, saving as much as $50 each year.

Nearly 80,000 patients taking olmesartan for high blood pressure can save as much as $54 each year.

Patients with multiple conditions will receive higher savings.

We understand every single dollar matters and that is precisely why we are reducing the cost of hundreds of important medicines.

These cheaper medicines also deliver a further $250 million saving to the taxpayer, which will be completely reinvested into new medicines on the Pharmaceutical Benefits Scheme (PBS).

These price reductions benefit patients when the total cost of the script drops below the maximum PBS payment of $39.50 with concessional patients – including pensioners– paying just $6.40.

The Turnbull Government is also committed to listing more lifesaving and life improving medicines on the PBS.

Today new and expanded medicine listings to treat diabetes, cancer, arthritis, asthma and eye disease will also be available for a maximum of $39.50 or just $6.40 for concessional patients.

Since coming into Government, the Coalition has helped improve the health of Australians by subsidising more than $8.2 billion worth of new medicines.

Unlike Labor, we are subsidising all drugs recommended by the Pharmaceutical Benefits Advisory Committee.

Labor delayed the listing of seven vital drugs – leaving important medicines out of reach for many Australian patients.

Our commitment to the PBS is rock solid. Together with Medicare, it is a foundation of our world-class health care system.

Price reductions and new and expanded medicine listings come into effect on 1 April 2018. For more information visit www.pbs.gov.au.

Brand price reductions and patient savings

MedicineStrength and pack sizeMedicines brands
(*Additional charge for this brand)
Dispensed price ($)
Patient saving per script
EsomeprazoleCapsule (enteric) 40 mg (as magnesium)

30 pack
Esomeprazole ACTAVIS, Noxicid Caps
21.81
5.95
EsomeprazoleTablet (enteric coated) 40 mg (as magnesium trihydrate)

30 pack
Esomeprazole Apotex, Esomeprazole GH, Esomeprazole GxP, Esomeprazole RBX, Esomeprazole Sandoz, Esomeprazole SZ, Nexazole, Nexium, Nexole, Pharmacor Esomeprazole
21.81
5.95
EsomeprazoleCapsule (enteric) 20 mg (as magnesium)

30 pack
Esomeprazole ACTAVIS, Noxicid Caps
17.40
3.52
EsomeprazoleTablet (enteric coated) 20 mg (as magnesium trihydrate)

30 pack
Esomeprazole Apotex, Esomeprazole GH, Esomeprazole GxP, Esomeprazole RBX, Esomeprazole Sandoz, Esomeprazole SZ, Nexazole, Nexium, Nexole, Pharmacor Esomeprazole
17.40
3.52
OlmesartanTablet containing olmesartan medoxomil 40 mg

30 pack
APO-Olmesartan*, OLMERTAN, Olmesartan - MYL, Olmesartan AN, Olmesartan Sandoz, Olmetec, Pharmacor Olmesartan 40
23.93
4.11
DesvenlafaxineTablet (extended release) 100 mg (as succinate)

28 pack
Pristiq
25.29
3.32
DesvenlafaxineTablet (modified release) 100 mg (as benzoate)

28 pack
APO-Desvenlafaxine MR, Desvenlafaxine GH XR
25.29
3.32
DesvenlafaxineTablet (modified release) 100 mg

28 pack
Desfax, DESVEN, Desvenlafaxine Actavis, Desvenlafaxine Sandoz
25.29
3.32
ValsartanTablet 320 mg

28 pack
APO-Valsartan, Dilart, Diovan
22.86
2.88
DesvenlafaxineTablet (extended release) 50 mg (as succinate)

28 pack
Pristiq
22.66
2.70
DesvenlafaxineTablet (modified release) 50 mg (as benzoate)

28 pack
APO-Desvenlafaxine MR, Desvenlafaxine GH XR
22.66
2.70
DesvenlafaxineTablet (modified release) 50 mg

28 pack
Desfax, DESVEN, Desvenlafaxine Actavis, Desvenlafaxine Sandoz
22.66
2.70
OlmesartanTablet containing olmesartan medoxomil 20 mg

30 pack
APO-Olmesartan*, OLMERTAN, Olmesartan - MYL, Olmesartan AN, Olmesartan Sandoz, Olmetec, Pharmacor Olmesartan 20
17.14
1.94
Metoprolol succinateTablet 23.75 mg (controlled release)

15 pack
Metrol-XL 23.75, Minax XL, Toprol-XL 23.75
17.41
1.94
ValsartanTablet 160 mg

28 pack
APO-Valsartan, Dilart, Diovan
20.27
2.25
CapecitabineTablet 150 mg

60 pack
Capecitabine AN, Capecitabine MYX, Capecitabine-DRLA, Xelabine, Xelocitabine
24.61
2.68
ValsartanTablet 80 mg

28 pack
APO-Valsartan, Dilart, Diovan
18.24
1.75
CelecoxibCapsule 100 mgAPO-Celecoxib, Blooms the Chemist Celecoxib, Celaxib, Celebrex, Celecoxib AN, Celecoxib GH, Celecoxib RBX, Celecoxib Sandoz, Celexi, Chem mart Celecoxib, Terry White Chemists Celecoxib
16.71
1.32
CelecoxibCapsule 200 mgAPO-Celecoxib, Blooms the Chemist Celecoxib, Celaxib, Celebrex, Celecoxib AN, Celecoxib GH, Celecoxib RBX, Celecoxib Sandoz, Celexi, Chem mart Celecoxib, Terry White Chemists Celecoxib
16.71
1.32
ValsartanTablet 40 mgAPO-Valsartan, Dilart, Diovan
15.99
1.21
TelmisartanTablet 80 mgAPO-Telmisartan*, Micardis, Mizart, Pharmacor Telmisartan 80, Telmisartan AN, Telmisartan GH, Telmisartan Sandoz, Telmisartan-DRLA, Teltartan
16.23
0.89
TelmisartanTablet 40 mgAPO-Telmisartan*, Micardis, Mizart, Pharmacor Telmisartan 40, Telmisartan AN, Telmisartan GH, Telmisartan Sandoz, Telmisartan-DRLA, Teltartan
12.86
0.32
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