Tag: PBS co-payment

Australia's PBS: How Generic Medicines Work and Why They Matter

Posted by: Lesley Williams in: Prescription Drugs

3 Jan | 11:41 AM

Australia's PBS makes prescription drugs affordable for millions, with generics covering 84% of prescriptions. Learn how it works, why co-payments dropped to $25 in 2026, and who still struggles to afford meds.

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Generic drugs are just as effective as brand-name medications, meeting the same FDA standards for safety and performance. They save billions annually and are used in 90% of U.S. prescriptions.

Tag: PBS co-payment

Australia's PBS: How Generic Medicines Work and Why They Matter

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