Australian Prime Minister Scott Morrison has announced a $150 million cost-of-living measure to cut the cost of medications for everyday conditions such as blood pressure and high cholesterol by $10 (US$7) per script.
The measure will see the highest price of medications listed under the Pharmaceutical Benefit Scheme (PBS) capped at $32.50 from Jan. 1 next year. The PBS is a list of all medicines subsidised by the Australian government.