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Australia's pharmaceutical cost sharing policy: reducing waste or affordability?
1Clinical Pharmacology, University of Newcastle, Calvary Mater Hospital, Waratah, NSW 2298. evan.doran@newcastle.edu.au
Summary
Australia's pharmaceutical cost sharing policy negatively impacts medicine affordability and quality use, especially for low-income patients. This policy, driven by the "moral hazard" concept, overlooks real-world consequences.
Area of Science:
- Health Economics
- Pharmaceutical Policy
- Public Health
Background:
- Pharmaceutical cost sharing policies are widely implemented globally.
- These policies aim to control healthcare expenditure by involving patients in out-of-pocket payments.
- The underlying assumption is that cost sharing reduces unnecessary medicine use.
Purpose of the Study:
- To critically evaluate Australia's pharmaceutical cost sharing policy.
- To examine the impact of cost sharing on medicine affordability and quality use.
- To challenge the prevailing
Main Methods:
- Policy analysis of Australia's pharmaceutical cost sharing.
- Review of Australian and international evidence on cost sharing impacts.
- Examination of the
Main Results:
- Evidence suggests pharmaceutical cost sharing negatively affects medicine affordability.
- Quality use of medicines is compromised, disproportionately impacting low-income individuals.
- The policy's persistence is linked to the unchallenged concept of "moral hazard".
Conclusions:
- Pharmaceutical cost sharing policies require critical re-evaluation.
- The
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