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Cost of prescription meds to be slashed

<p>From the beginning of 2023, the price of prescription medications will be slashed in a new cost-of-living measure by the federal government.</p> <p>Australians' co-payment for scripts under the Pharmaceutical Benefits Scheme (PBS) will be capped at $30 as opposed to the current maximum co-payment of $42.50. </p> <p>That will save people who have multiple regular medications hundreds of dollars each year.</p> <p>The measure will also help prevent people having to decide between spending their money on medicines or other essentials.</p> <p>Measures won’t come into effect until January 1, with the Albanese government tabling the bill in parliament on Wednesday.</p> <p>Health Minister Mark Butler said almost a million Australians delayed or avoided filling prescriptions, citing recent research.</p> <p style="box-sizing: inherit; margin: 0px 0px 5px; padding: 0px; border: 0px; font-size: 16px; vertical-align: baseline; color: #323338; font-family: Roboto, Rubik, 'Noto Kufi Arabic', 'Noto Sans JP', sans-serif; background-color: #ffffff; outline: none !important;">“This change will put close to $200 million back in the pockets of Australians each year."</p> <p style="box-sizing: inherit; margin: 0px 0px 5px; padding: 0px; border: 0px; font-size: 16px; vertical-align: baseline; color: #323338; font-family: Roboto, Rubik, 'Noto Kufi Arabic', 'Noto Sans JP', sans-serif; background-color: #ffffff; outline: none !important;"><em>Image: Getty</em></p>

Money & Banking

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Government places restrictions on prescription meds while cash rate is cut to record low

<div class="post_body_wrapper"> <div class="post_body"> <div class="body_text "> <p>Pharmacists are being told to dispense only one month’s worth of prescription medication and limit the purchase of some over-the-counter products starting from today.</p> <p>The deputy chief medical officer Paul Kelly said that there are no medicine shortages in Australia, but unprecedented demand is putting a strain on supplies.</p> <p>"There have been reports of people buying large quantities of these medications over the last few days," Dr Kelly said to<span> </span><a rel="noopener noreferrer" href="https://www.abc.net.au/news/2020-03-19/government-restricts-prescriptions-amid-coronavirus-panic-buying/12070682" target="_blank"><em>The ABC</em></a><em>.</em></p> <p>"I recognise again that people are fearful about issues, particularly those that might affect their own families.</p> <p>"But I say again, as the Prime Minister said yesterday about panic buying, please do not buy more than you need."</p> <p>Pharmacists are required to put some medicines, including children’s paracetamol, behind the counter in order to tackle panic-buying.</p> <p>Dr Kelly called for calm in pharmacies as Australians respond to coronavirus.</p> <p>"It is not OK to be abusing people who are teaching our kids. It is not OK to be abusing people and being angry at people at Woolworths and Coles," he said.</p> <p>"It is not OK to be angry at people trying to do their best in healthcare.</p> <p>"This is a time for us to be working together and to be the best people we can in Australia."</p> <p>Calm is needed now more than ever as the Reserve Bank has just cut interest rates to a new record low of 0.25 per cent and has announced a money-printing program for the first time in its history.</p> <p>This is being done to prevent a recession as panicked investors continue wiping billions of dollars in value off the local stock market.</p> <p>In a statement, RBA governor Philip Lowe said that coronavirus was having a “very major impact on the economy and the financial system”.</p> <p>“The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system. As the virus has spread, countries have restricted the movement of people across borders and have implemented social distancing measures, including restricting movements within countries and within cities. The result has been major disruptions to economic activity across the world. This is likely to remain the case for some time yet as efforts continue to contain the virus,” he said in a statement this afternoon.</p> <blockquote class="twitter-tweet"> <p dir="ltr">At a meeting yesterday, the Reserve Bank Board agreed to a comprehensive package to support the Australian economy through the current challenging period - <a href="https://t.co/YYzRnpZGyO">https://t.co/YYzRnpZGyO</a></p> — RBA (@RBAInfo) <a href="https://twitter.com/RBAInfo/status/1240480672759889920?ref_src=twsrc%5Etfw">March 19, 2020</a></blockquote> <p>"As the virus has spread, countries have restricted the movement of people across borders and have implemented social distancing measures, including restricting movements within countries and within cities.</p> <p>"The result has been major disruptions to economic activity across the world. This is likely to remain the case for some time yet as efforts continue to contain the virus."</p> <p>Mr Lowe said that the board would not lift the cash rates until progress was being made “towards full employment” and when the RBA was confident inflation would be “sustainably within the 2 to 3 per cen target band”.</p> </div> </div> </div>

News

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Bad news if you wear glasses: The new passport rule

<p>A new passport rule has been passed, which bans prescription glasses being worn in Australian passport photos.</p> <p>People will have to ditch their specs in new passport photos taken from July 1, thanks to the new Australian Government rule.</p> <p>The new rule has come into place to “further strengthen the integrity of the Australian passport,” the Australian Passport Office said.</p> <p>“Research has shown that glasses adversely affect passport facial matching,” the department added. “Matching is more accurate without glasses.”</p> <p>“A limited exemption for medical reasons may apply where supported by a medical certificate,” the department further explained, stating that severe sensitivity to light and recent eye surgery could possibly be among the rare exemptions to the new rule. However, vision impairment will not be a qualified excuse for medical exemption.</p> <p>The good news is the new rule doesn’t affect your current passport – it only applies to new Australian passport applications submitted from July 1.</p> <p>The US banned eye glasses from passport photos in 2016, after the US Department of State found it was the main reason why photos were rejected or not compliant.</p> <p>“[In 2015] more than 200,000 passport customers submitted poor quality photos which we couldn’t accept,” the US Department of State confirmed.</p> <p>“The number one problem was glasses. We had to put their passport application on hold because we couldn’t clearly identify them from their photo.”</p> <p>Do you wear prescription glasses? What do you think of this new Australian passport rule? Share your thoughts with us in the comments below.</p>

International Travel

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Price of 1400 prescription medicines slashed

<p>On Sunday, more than 1400 medicines were reduced in price, including treatments for cholesterol and breast cancer. </p> <p>The price cuts are the result of the government's new price disclosure process that monitors the discounts chemists receive on medicine prices. </p> <p>Millions of Australians who suffer from a range of health conditions will benefit from these price reductions. </p> <p>The new process will see anti-cholesterol pill Atorvastatin fall in price by 52 cents and Tamoxifen for breast cancer by $3.50.</p> <p>Cold sore treatment Zovirax will reduce in price by $3.17 and Capecitabine for certain types of cancer will be slashed by $6.26.</p> <p>Leflunomide for rheumatoid arthritis and psoriatic arthritis will be reduced by $4.24.</p> <p>Telmisartan for high blood pressure will fall in price by $1.75 and Quetiapine for mental health conditions will fall in price by $5.94.</p> <p>Diflucan to treat fungal infections will drop by a significant 17 per cent.</p> <p><span>This new scheme is expected to save taxpayers $430 million over the next four years. There are also estimated savings of $75 million to patient out-of-pocket expenses over the next four years. </span></p> <p>Paul Cross of Pharma Dispatch said the price reduction will be welcomed by many Aussie households. </p> <p>"Millions of Australians suffer from really common conditions like high cholesterol, high blood pressure and diabetes, and what this means is their medicines are going to be cheaper.</p> <p>Aussies with chronic illnesses who take multiple medications daily will make the biggest savings. </p> <p>What do you think of the price reductions on prescription medicine? Tell us in the comments below. </p>

Body

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The surprising prescription drug killing thousands of Australians

<p>When we think of deadly drugs, methamphetamine and heroin come to mind. However, startling new data from the Australian Bureau of Statistics has found a much more common (and legal) drug may be responsible for more deaths each year than both.</p> <p>Researchers from the National Drug and Alcohol Research Centre have found that, of the 668 overdose deaths in 2013, a staggering 68 per cent were related to pharmaceutical opioids.</p> <p>“We expect further increases once the deaths data for 2014 and 2015 are finalised,” lead author Amanda Roxburgh told the <a href="http://www.smh.com.au/national/health/prescription-opioids-are-killing-more-australians-than-heroin-australian-bureau-of-statistics-20170720-gxf5wa.html" target="_blank"><strong><em><span style="text-decoration: underline;">Sydney Morning Herald</span></em></strong></a>. “We're seeing a real shift from illicit to pharmaceutical opioids implicated in these deaths, affecting a broader range of people who want to manage their pain.”</p> <p>Opioids are powerful painkillers that, while once used primarily by cancer patients, are now much more mainstream. Extremely addictive, those hooked on the drugs could start consuming up to 90 tablets a day.</p> <p>“There's good research showing there's been a four-fold increase in the prescribing of these drugs between 1990 and 2014, particularly for Oxycontin, Tramadol and Fentanyl,” explained Roxburgh. “I think doctors need to prescribe for a shorter time and have the patient come in again for a review before they prescribe more.”</p> <p>As a result of the research, Roxburgh is urging the government to introduce tougher legislation, a national clinical guideline or a real-time monitoring program. “We also need to invest in pain programs that don't involve long-term medication, such as ones that are behaviourally and psychologically based.”</p>

News

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Disadvantaged older Australians forced to sell prescription drugs to stay afloat

<p>A report from the Rural Doctors Association has found a startling number of elderly Australians living in regional areas are selling their chronic pain medications for up to $20 per pill, simply to pay the bills.</p> <p>“Some of my patients today were telling me how they were approached to sell their drugs,” president of the association, Dr Ewen McPhee told <a href="http://www.huffingtonpost.com.au/2017/07/13/elderly-forced-to-sell-prescription-drugs-to-make-ends-meet_a_23027285/?utm_hp_ref=au-homepage" target="_blank"><strong><em><span style="text-decoration: underline;">HuffPost Australia</span></em></strong></a>. “It’s the tip of the iceberg.”</p> <p>Dr McPhee says a lack of pain management facilities in rural areas combined with financial difficulties are to blame for people being pressured into selling their much-needed pain medicine – OxyContin and Endone, for example. Sadly, it’s also leading to an increase in home break-ins as people become more desperate.</p> <p>“On the ground we see these things every day,” he continued. “More people die from prescription drug misuse than from illegal ones.” In fact, the National Drug and Alcohol Research Centre <a href="http://www.abc.net.au/news/2017-04-13/800-australians-overdose-on-prescription-drugs-per-year-experts/8443578" target="_blank"><strong><span style="text-decoration: underline;">estimates</span></strong></a> as many as 800 Australians die each year from prescription drug overdoses.</p> <p>It’s led to a call from medical professionals for the introduction of a paperless, country-wide, real-time monitoring program for prescription drugs, similar to the one currently operating in Tasmania.</p> <p>Eric Oguzkaya, a pharmacist from Mildura, <a href="http://www.abc.net.au/news/2017-07-13/elderly-people-rural-towns-forced-to-sell-prescription-drugs/8702098" target="_blank"><span style="text-decoration: underline;"><strong>told the ABC</strong></span></a> that elderly patients sold more drugs than previously suspected, with many being intercepted and intimidated by dealers outside medical clinics and pharmacies.</p> <p>“The dealers start with the charm and they start with trying to be friendly,” Oguzkaya explained. “Depending on how they go, they can start becoming threatening and asking for their medication if they are not willing to sell it straight up.</p> <p>He recalled the moment a customer was roped into selling their drugs by a dealer who approached them and said, “Look, you’re going to have lots of funeral bills soon, do you really want to put that burden on your family? Here’s some extra money to get you through and you can save your money up so that when the end does come along, you will have the money ready.”</p> <p>Tell us in the comments below, what do you think needs to be done to prevent elderly Australians from being coerced into drug deals?</p>

Retirement Income

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