PBS changes means more than 400 medicines to cost less

MORE than 400 medicines will drop in price from this weekend, saving consumers around $20 each time they head to the pharmacy to pick up their prescriptions for conditions ranging from cholesterol to high blood pressure.

Last year Federal Parliament passed the Government's Pharmacy and Pharmaceutical Benefits Scheme changes, which included an agreement to cut costs in the production of some of the nation's most commonly prescribed drugs.

Some medicines reduce in price every year as the patents covering the chemical makeup of the drugs expire.

Among those this year are medications to treat leukaemia and cardiovascular disease.

Health Minister Sussan Ley said more than 400 such medicines were dropping in price, four times the number at the same time last year because of the agreement.

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