On 31st March the Pharmacy Guild of Australia stated that the April 1 price cuts on medicine would put further financial pressure on community pharmacies at a time when they are already under economic stress while attempting to main services and jobs.
Then, on 1st April (and no, probably not intended as an April fool’s joke) the CEO of Medicines Australia Tim James said that the decline in pharmaceutical exports from Australia shows that we are just not competitive in the global market.
Mr James said that “the decline in Australian pharmaceutical exports comes at a time when the global market for medicines and vaccines is booming. It is already worth over US$1 trillion per year in sales, and is expected to nearly double in size by 2020.”
Mr James said that in 2014 Medicines Australia had partnered with AusBiotech to submit a joint proposal to the federal government to take steps to build a stronger pharmaceuticals industry in Australia. These steps included:
- ensuring a stable, predictable and efficient business operating environment,
- strengthening Australia’s intellectual property system,
- enabling growth in Australia’s local biotechnology sector, and
- enacting globally competitive incentives such as tax breaks to encourage investment
This latest round of controversy in the lead up to the 6CPA agreement comes after the dust has hardly even settled on claims from News Limited journalist Sue Dunlevy that the Pharmacy Guild is creating “taxpayer funded millionaires.” The Guild responded saying that this take on pharmacy is a malicious fantasy.
The Guild has said that even before the April 1 cuts, the government remuneration per prescription for pharmacies (which is partly linked to the price of the drug), has dropped below the levels last seen in 2009 while the cost of running a pharmacy has continued to increase.
Amanda – Founder My Health Career.
More articles on My Health Career:
- Pharmacy Guild slams latest article by News Limited journalist Sue Dunlevy which claims that “taypayer funded pharmacy millionaires” are being created by a pharmacy monopoly
- Consumer Health Forum calls for government to postpone 6CPA agreement
- Pharmacists hit back at supermarket article published by News Corp
- PSA Young Pharmacist of the Year calls for end to negativity around the profession
Image: Ken Teegardin – Flickr
Image: Steven Depolo – Flickr