PHARMAC funding will not stretch to new medicines - chief executive

Radio New Zealand

29 April 2024 - A multi-million dollar budget boost for PHARMAC will only keep the lights on, doctors and patient advocates warn.

The Government has today announced the drug funding agency's budget will top more than $6 billion over the next four years, which it said was needed to fix a shortfall of more than $1.7 billion left by the last government.

However, PHARMAC admitted any new medicines would need an additional cash injection.

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Michael Wonder

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Michael Wonder

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Medicine , New Zealand , Funding , Budget