Why Is Medicine So Expensive?

In Australia, we are lucky to have a Pharmaceutical Benefits Scheme [PBS] which provides medication at such subsidised rates.

Most medications cost a maximum of $38.80 for General Patients or $6.30 for pension and concession card holders.

If medications weren't subsidised we could be paying hundreds of dollars for each medication in some cases.

There are a small amount of medications which are not on the PBS and therefore not subsidised. You are subsequently required to pay full price for these medications.