Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Pharmac warns huge medicines fees increase

Pharmac warns huge fees will price medicines off the shelf

Green MP Sue Kedgley has released a January 2004 memorandum from Pharmac obtained under the Official Information Act that shows that there will be a massive escalation in the price of medicines if New Zealand joins the proposed Trans-Tasman Joint Therapeutics Goods Agency.

The Pharmac memorandum warns that the cost of registering a new generic medicine would increase from $8000, to over $100,000 - and that what Pharmac calls a "massive escalation in price could result in a dramatic change in the viability of some medicines, resulting in companies not bringing them into the market."

"Why would we want to enter an agency that is going to restrict access to cheaper generic medicines, increase the cost of medicines, and cost Pharmac - and hence taxpayers - between $85 million and $135 million over three years?" Ms Kedgley asked.

"And those estimates don't even include the impact of the Australia-USA free trade treaty on the costs and access to cheaper generic medicines. An Australian study estimates the treaty will increase the cost to Australia's pharmaceutical benefit scheme by a third. This would equate in New Zealand to an extra $200 million per year."

Ms Kedgley said serious questions needed to be asked about the reasons why the government seems hell-bent on joining the Joint Agency when it is clearly not in the national interest of New Zealand to do so. "Is there some hidden agenda here, or have officials failed to properly inform the government about the real risks of joining the joint Agency?"

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news