$200m saved as Pharmac
People who need expensive Pharmac-funded drugs can access them regardless of their DHB’s ability to pay for it, under changes to the drug-funding model.
From July 1, Pharmac will take over responsibility from District Health Boards (DHBs) for buying all their medicines, saving close to $200 million over four years through its purchasing power.
Until now, Pharmac managed the DHBs’ community drug-buying budget while DHBs held their own budget for buying medicines for their hospitals.
Under the new arrangement, DHBs will turn over that budget to Pharmac as well, to take advantage of the agency’s purchasing power.
“This means, that no matter where patients are in New Zealand,