This week, the Albanese government will be introducing legislation that will see medicine become more affordable from 1 January 2026. The cost of PBS prescriptions for 20 million non-concession card holders will be reduced, making it more affordable for patients across Australia, especially for those with chronic conditions.
Chris Owen, President of The Pharmacy Guild of Australia, Queensland, said both community pharmacists and their patients will celebrate the changes.
"Every day, community pharmacists have conversations with patients about the tough choices they are forced to make, between filling scripts and other essentials such as rent, groceries and petrol," said Mr Owen. "These changes will benefit millions of Australians, who will save up to $6.60 on each prescription.
" Professor Trent Twomey, National President of The Pharmacy Guild of Australia, lauded the Government's positive action for patients.
"The Government has made affordable medicine a top priority – bringing in the legislation in its first sitting days," he said. "This is great news for 20 million Australians without a concession card who will save a combined $689 million in the next four years." "Community pharmacists see the effects of the cost-of-living crisis on patients, with many struggling to afford their medicine. Skipping medication leads to poorer health outcomes – and making medicine more affordable will help us to create healthier communities."
The co-payment for PBS prescriptions will be reduced to a maximum of $25 from 1 January 2026, down from $31.60.
It follows calls from a coalition of more than 20 health and community organisations urging the Government to act to make medicine affordable, including The Pharmacy Guild of Australia, Patients Australia, Asthma Australia, Family Planning Alliance Australia, QENDO, and others.
