Effectively Managing PBS Expenditure: Key Strategies to Consider
Which of the following strategies would MOST LIKELY be considered to curb the growth of PBS expenditure?
A) Increasing drug availability
B) Reducing drug evaluation criteria
C) Promoting generic drug use
D) Expanding drug coverage
Final answer:
Promoting the use of generic drugs is the strategy most likely to curb PBS expenditure, as they offer cost savings over branded drugs.
Explanation:
Among the strategies presented, promoting generic drug use would MOST LIKELY be considered to curb the growth of prescription benefit scheme (PBS) expenditure. Generic drugs are chemically equivalent to their branded counterparts but are typically sold at lower prices, which can significantly reduce healthcare costs. On the other hand, strategies such as increasing drug availability, reducing drug evaluation criteria, and expanding drug coverage are more likely to increase costs rather than contain them.
Which strategies should be avoided to curb the growth of PBS expenditure?Strategies that should be avoided to curb the growth of PBS expenditure include:
- Increasing drug availability
- Reducing drug evaluation criteria
- Expanding drug coverage
These strategies are likely to lead to higher costs rather than lowering PBS expenditure.