4.4 Estimated financial impact for the PBS/RPBS or the NIP
Page last updated: September 2016
- Calculate net financial implications for the PBS/RPBS or the NIP in each year over six years using the relevant spreadsheet of the Excel workbook (Subsection 4.4.1)
4.4.1 Net financial implications
Present the net financial implications for the PBS/RPBS or the NIP over six years, accounting for the estimated cost of the proposed medicine, the increased usage of other PBS-listed medicines and cost offsets for substituted medicines with a likely reduction in usage. Subtract the net cost offsets for both the aggregated estimates calculated in Subsection 4.3 from the corresponding estimates calculated in Subsection 4.2.
For most medicines, this financial estimate uses the DPMQ or the DPMA with appropriate patient copayments removed. For vaccines to be funded under the NIP, the estimate is based on the price to the Australian Government.
Use the relevant spreadsheet of the standardised Excel workbook to calculate net financial implications.