Govt working to ‘reconcile’ risk sharing arrangements

Malcolm Turnbull

The federal government is confident agreement will be reached with pharmacists over risk sharing arrangements, the Prime Minister believes.

Speaking in Canberra last night at the Pharmacy Guild’s annual Parliament House dinner, PM Malcolm Turnbull said Minister for Health Sussan Ley was working with the Guild “to reconcile these issues in a timely manner”.

The issue relates to a shortfall in estimated PBS expenditure in 2016. The Guild believes this should trigger a risk sharing clause in the 6CPA that allows pharmacies to be reimbursed for the shortfall.

The government should honour the clause, the Guild believes.

“It goes to the heart of a trust-based agreement,” said Guild national president George Tambassis.

“I’m confident we can reach an agreement on this by 1 January.”

Meanwhile, the PM also announced that remote and rural pharmacists who dispense Medicines bought in bulk to indigenous communities would now be reimbursed at a rate equivalent to the full dispensing fee.

The move, which has long been argued for by key pharmacy leaders, would help these pharmacies “address the access and affordability barriers these communities face”, the Prime Minister said.

The announcement was welcomed and supported by Federal Opposition leader Bill Shorten, also speaking at the dinner. 

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