The Eco-nomic Institute

Health economists specialise in the study of healthcare systems, its behaviours, and its resources. Though economics is often associated with money, more broadly economics is the study of scarcity and resource allocation. This includes money, but also time, energy, and labour. Humans do not always act in their rational best interests; for this reason, health… Read more: What is a health economist?

Changes to Australia’s Pharmaceutical Benefits Scheme (PBS) are to commence from 1st July 2026. While patient co-payments will remain the same (for now), it’s important we take a broader view about what these changes are and what they might mean for Australia, its people, and the pharmaceutical manufacturers selling to Australia.