Life is priceless, and medical treatment is affordable—this is Australia. To ensure that everyone can afford medical care and medication, the Australian government is committing 460 million + 1.1 billion + 700 million = 2.26 billion AUD, ensuring that every individual has access to treatment and support in their later years!
Recently, the Australian government announced an important decision to the entire nation: starting December 1st, Australian cancer patients will be able to purchase medication at lower prices. Several new drugs added to the Pharmaceutical Benefits Scheme (PBS) will benefit countless patients suffering from leukemia, advanced intestinal and pancreatic tumors, melanoma, bowel cancer, and ovarian cancer!
Before these drugs were listed on the Australian Pharmaceutical Benefits Scheme (PBS), patients needed approximately 30,000 AUD annually to purchase them. Now, they only need to pay 39.50 AUD for a prescription!
The PBS (Pharmaceutical Benefits Scheme) is a vital welfare policy implemented by the Australian government for all Australian citizens and permanent residents, and it is a policy welcomed by all Australians! It is this healthcare benefit that makes the world envy Australians!
460 million AUD to subsidize leukemia medication
On October 8, 2017, former Australian Prime Minister Malcolm Turnbull announced the inclusion of a breakthrough anti-cancer drug for leukemia in the PBS medical plan!
Leukemia and lymphoma have the highest mortality rates among all malignant tumors, and the treatment process is painful with limited efficacy. Research into effective drugs for these two diseases has always been a top priority for medical research in Australia and globally. In recent years, scientists have finally discovered drugs with astonishing effects on patient recovery. Ibrutinib is one of the most critical among them.
This breakthrough drug was approved by the Australian Therapeutic Goods Administration and launched in Australia two years ago. Such a significant breakthrough naturally consumed years of human and material resources from medical research institutions, hence the high price.
In Australia, a course of treatment for leukemia using Ibrutinib costs as much as 190,000 AUD! Now, Australian patients (holding a Medicare card) only need to pay 38.80 AUD, and patients eligible for concession rates pay only 6.30 AUD, with the Australian government covering the rest!
This means that this new drug for treating leukemia and lymphoma, admired by the global medical community, will become an affordable medication for the first time!
1.1 billion AUD to subsidize anti-cancer medication
On August 1, 2017, the Australian Federal Minister for Health announced the inclusion of the anti-cancer drug Opdivo in the Australian Pharmaceutical Benefits Scheme (PBS)! This decision means the Australian government will provide a subsidy of 1.1 billion AUD for this purpose.
In 2014, Opdivo was approved for market launch in the United States, Japan, and other regions. At that time in Japan, the price of a 100mg dose of Opdivo was 730,000 JPY, equivalent to 45,000 RMB! An early-stage cancer patient might need several 100mg doses, costing several, or even dozens or hundreds of 45,000 RMB payments...
By including Opdivo in the PBS list, the Australian government allows patients to pay as little as 6.30 AUD to gain the possibility of a full recovery!
700 million AUD for price reductions on 1,400 types of medication
Starting October 1, 2017, 1,400 types of medication in Australian pharmacies will officially see price reductions! Patients buy the medicine, the government pays the cost, and the Australian government is injecting massive funds into the PBS!
Medications that previously cost hundreds of dollars may now only cost a few dozen! For example, statins used to treat heart disease have seen another price reduction under the PBS plan, a 700% decrease! The price is less than 1/10th of that in other countries! Take, for example, the world's best-selling drugs, such as the cholesterol-lowering atorvastatin and Lipitor. After the price reduction, they can be purchased for five or six Australian dollars!
For these sky-high priced drugs that often cost hundreds or thousands, the Australian government directly covers the vast majority of the costs. Under the PBS price reduction plan, these expensive drugs have all become affordable medications that anyone can buy!
From 2017 to 2021, this benefit will save Australians 24 billion AUD in medical expenses!
As everyone knows, once diagnosed with cancer, it is a devastating blow to any family. Not to mention the unimaginable physical pain the patient endures, the astronomical medical expenses alone are enough to bankrupt a middle-class family...
But if you live in Australia, the government will pay for these medical costs! Australia not only possesses world-leading medical technology but is also a generous country.
It is precisely because of this that in recent years, Australia has attracted an increasing number of domestic investors to immigrate and start a better life due to its many unique advantages.
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