Health spending v2

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$m

Government spending on pharmaceuticals 2010-11 to 2020-21 – THE LOST DECADE

$14,000 $13,500 $13,000 $12,500

Black lines are forecast spending on the pharmaceuticals subfunction, mostly comprised of the PBS, published In each year’s Budget

Final Budget Outcome

$12,000 $11,500

Projection in 2017-18 Budget

$11,000 $10,500 $10,000 $9,500 $9,000

Note: Pharmaceutical spending included in pharmaceutical benefits, services and supply function

Final Budget Outcome minus rebates

Spending on pharmaceuticals is forecast to decline over the rest of the decade. In 2020-21, it is expected to be $11.9bn (not excluding rebates). In 2010-11, it was forecast to be $11.74bn in 2013-14