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Explainer: how is the price of medicine decided in Australia?

  • Written by Rosalie Viney, Professor of Health Economics, University of Technology Sydney
imageThe cost governments are willing to pay drug companies for medicines depends on the outcome the drug will provide. from www.shutterstock.com

Every few months there are news stories about expensive medicines becoming affordable for Australian patients. Just as often, there are stories about medicines that aren’t approved for government...

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