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The Times

Australia’s PBS means consumers pay less for expensive medicines. Here’s how this system works

  • Written by Bonny Parkinson, Associate Professor, Macquarie University Centre for the Health Economy, Macquarie University

The United States pharmaceutical lobby has complained to US President Donald Trump that Australia’s Pharmaceutical Benefits Scheme (PBS) is damaging their profits and has urged Trump to put tariffs on pharmaceutical imports from Australia.

Prime Minister Anthony Albanese defended the scheme, saying Australia’s pharmaceutical subsidy...

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