Date published: 
1 April 2018
Media type: 
Media release
Audience: 
General public

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

A table of medicines, their prices and savings.

Medicine

Strength and pack size

Medicines brands (*Additional charge for this brand)

Dispensed price ($) Patient saving per script
Esomeprazole

Capsule (enteric) 40 mg (as magnesium)

30 pack

Esomeprazole ACTAVIS, Noxicid Caps 21.81 5.95
Esomeprazole

Tablet (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
Esomeprazole

Capsule (enteric) 20 mg (as magnesium)

30 pack

Esomeprazole ACTAVIS, Noxicid Caps 17.40 3.52
Esomeprazole

Tablet (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
Olmesartan

Tablet containing olmesartan medoxomil 40 mg

30 pack

APO-Olmesartan*, OLMERTAN, Olmesartan - MYL, Olmesartan AN, Olmesartan Sandoz, Olmetec, Pharmacor Olmesartan 40 23.93 4.11
Desvenlafaxine

Tablet (extended release) 100 mg (as succinate)

28 pack

Pristiq 25.29 3.32
Desvenlafaxine

Tablet (modified release) 100 mg (as benzoate)

28 pack

APO-Desvenlafaxine MR, Desvenlafaxine GH XR 25.29 3.32
Desvenlafaxine

Tablet (modified release) 100 mg

28 pack

Desfax, DESVEN, Desvenlafaxine Actavis, Desvenlafaxine Sandoz 25.29 3.32
Valsartan

Tablet 320 mg

28 pack

APO-Valsartan, Dilart, Diovan 22.86 2.88

Desvenlafaxine

 

 

Tablet (extended release) 50 mg (as succinate)

28 pack

Pristiq 22.66 2.70

Desvenlafaxin

Tablet (modified release) 50 mg (as benzoate)

28 pack

APO-Desvenlafaxine MR, Desvenlafaxine GH XR 22.66 2.70

Desvenlafaxine

Tablet (modified release) 50 mg

28 pack

Desfax, DESVEN, Desvenlafaxine Actavis, Desvenlafaxine Sandoz 22.66 2.70

Olmesartan

Tablet 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 succinate

Tablet 23.75 mg (controlled release)

15 pack

Metrol-XL 23.75, Minax XL, Toprol-XL 23.75 17.41 1.94

Valsartan

Tablet 160 mg

28 pack

APO-Valsartan, Dilart, Diovan 20.27 2.25

Capecitabine

Tablet 150 mg

60 pack

Capecitabine AN, Capecitabine MYX, Capecitabine-DRLA, Xelabine, Xelocitabine 24.61 2.68

Valsartan

 

Tablet 80 mg

28 pack

APO-Valsartan, Dilart, Diovan 18.24  

Celecoxib

Capsule 100 mg APO-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

Celecoxib

Capsule 200 mg APO-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

Valsartan

Tablet 40 mg APO-Valsartan, Dilart, Diovan 15.99 1.21

Telmisartan

Tablet 80 mg APO-Telmisartan*, Micardis, Mizart, Pharmacor Telmisartan 80, Telmisartan AN, Telmisartan GH, Telmisartan Sandoz, Telmisartan-DRLA, Teltartan 16.23 0.89

Telmisartan

Tablet 40 mg APO-Telmisartan*, Micardis, Mizart, Pharmacor Telmisartan 40, Telmisartan AN, Telmisartan GH, Telmisartan Sandoz, Telmisartan-DRLA, Teltartan 12.86 0.32
Tags: