PBAC definition
Examples of PBAC in a sentence
The Government will continue its commitment to list all positive recommendations from the Pharmaceutical Benefits Advisory Committee (PBAC).
In this paragraph Australia has agreed to streamline some of the administrative steps that are required before a drug is added to 3 The Pharmaceutical Benefits Pricing Authority is an independent, non-statutory body which makes recommendations on prices for new items that have been recommended for listing on the PBS by the PBAC.
Australia will also continue to provide a simplified process for applications to PBAC that do not require a full evaluation.
A footnote to this paragraph states that where federal healthcare programs purchase, rather than reimburse the cost of medicines, 2 The PBAC is the independent expert committee that is responsible for considering and recommending to the Minister for Health and Ageing those medicines that it considers should be subsidised on the PBS.
Should the cost of new and amended listings recommended by the PBAC exceed the further available savings from the Agreement, then, as with current practice offsetting saves will need to be identified, or additional funding included.