The Turnbull government has brokered a $10 billion deal with doctors, pharmacists and the pharmaceutical industry to cut medicine prices, reduce out-of-pocket expenses restore voters' trust in the Medicare system.
In addition to boosting the Medicare Levy by 0.5 of a percentage point to 2.5 per cent to help fund the National Disability Insurance Scheme, the government will allocate a portion of the revenue to a new Medicare Guarantee Fund to cover the combined costs of Medicare and the Pharmaceutical Benefits' Scheme.
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Fleur Anderson is based in the Canberra newsroom and writes on politics, policy and the economy. Fleur is known for writing the Financial Review's parliamentary sketch. Connect with Fleur on Facebook and Twitter.
