Research fund given the Green light
THE Abbott Government’s The Government says that an independent expert advis$20 billion medical research about $1 billion in uncomory board which would include future fund has passed the mitted money from the existeight medical experts with exSenate, with the support of the ing Health and Hospitals Fund perience in philanthropy and Greens. will be transferred into the in consumer issues.
The fund, which will drive MRFF which will eventually “The Minister for Health money into medical research provide about $1 billion a year will also be required by law to and innovation, was first anfor medical research. report to the Parliament once nounced in the 2014 Budget. Labor and the Greens have every two years on how re
The Government had origraised concerns about the search funded by the Medical inally hoped to direct money transparency of the fund but in Research Future Fund meets mentfrom intothe the Medicarefund mmcbefore co-payit day, a statementthe Government released said yesterthe are the strategy independentlyand prioritiesset by that the was scrapped earlier this year. fund would be administered by board,” the statement said.