Labor Vows to Pip Liberals in Cutting Cost of Medications

Federal Opposition Leader Anthony Albanese speaks to the media during a press conference in Sydney, Australia on May 29, 2021. AAP Image/Joel Carrett

The centre-left Australian Labor Party has promised to cut the cost of common medications for Australians slightly more than the Liberal Party will if they are elected to government later in May.

Labor will reduce the maximum cost consumers pay for medicines covered under the Pharmaceutical Benefits Scheme (PBS) from $42.50 to $30, a saving of 29 percent.