Medicines are added to the PBS on the advice of the
Pharmaceutical Benefits Advisory Committee (PBAC), an expert and
independent advisory body of medical specialists, general
practitioners, other health professionals and a consumer
representative. By being listed on the PBS, drugs are made
available at a subsidised rate to people who need them. The PBS
provides reliable, timely and affordable access to a wide range of
medicines for all Australians. For more information on the PBAC and
PBS go to: http://www.pbs.gov.au/
The main priority for the PBAC is to consider the
effectiveness and cost effectiveness (value for money) of a
proposed benefit compared to alternative therapies. If it is felt
the drug is of acceptable clinical and cost effectiveness, then the
PBAC will recommend the drug for listing on the PBS. A
number of other processes need to be completed before the product
can be PBS listed for the recommended purpose, including pricing
negotiations with the manufacturer, finalisation of the conditions
for listing, and consideration by the
Government. Listing on the PBS means that there may be a
minimal cost to patients relative to the true cost of the
drug.
Not all drugs approved by the TGA are recommended for listing on
the PBS. For consideration of listing on the PBS, a submission must
be made to the PBAC. Usually the PBAC submission is made
by the manufacturer of the drug as they are usually in the best
position to provide the appropriate data to support the submission.
The assessment process by the TGA and listing on the PBS can take
time. In some circumstances a particular drug may be available
overseas before it is available in Australia.