Budget 2021-2022 - Headline items

Date: 12 May 2021

The Federal Budget contained a number of headline items focused on the health sector.

These included:

  • $17.7 billion over four years to fund aged care reforms.
  • Fully funding the NDIS with an additional $13.2 billion over four years to 2023-24.
  • $2.3 billion for improved and expanded mental health care and suicide prevention.
  • $11.5 million to extend the Home Medicines Service and continued dispensing arrangements to support access to medicines on the Pharmaceutical Benefits Scheme and Repatriation Pharmaceutical Benefits Scheme.
  • $35.8 million for a temporary community pharmacy program for the COVID-19 vaccine rollout, which will leverage the national network of world class community pharmacies, to administer both vaccine doses to patients throughout Phase 2 and Phase 3 of the national roll-out.
  • No funding for the Guild’s Pre-Budget submission proposals for an Opioid Replacement Therapy program and a one-off Pharmacy ePrescription bulk payment.
  • $421.6 million for the Australian Digital Health Agency’s work on My Health Record.
  • Payments relating to the PBS are expected to increase by $95.4 million in 2020-21 ($852.5 million over the four years to 2023-24), largely reflecting higher than expected price and volume forecasts for subsidised medicines.
  • A raft of welcome (small) business/training support measures and initiatives targeted at women.

Contact: The Guild
Phone: 13GUILD

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Page last updated on: 15 June 2021