The Pharmaceutical Benefits Scheme (PBS) consumes around 14 percent of total government health care expenditures and has grown substantially in both range of drugs covered, and expenditure since it was first introduced in 1950. Proponents of drug price regulation argue that drug makers raise prices to benefit the value of their stock and invest little of their profits in the development and research of new drugs. Opponents of regulation argue that consumers rely on drug companies to develop new drugs and limiting prices will prevent new lifesaving drugs from being developed.
Statistics are shown for this demographic
Federal Electorate
Response rates from 26.6k Sydney voters.
92% Yes |
8% No |
87% Yes |
6% No |
2% Yes, and we should socialise medicine and healthcare |
1% No, limiting drug prices would also limit the investment in research and development into new life-saving drugs |
2% Yes, and the government should regulate the price of all prescription drugs |
1% No, but shorten the lifespan of drug patents |
0% No, and the government should never regulate prices of private businesses |
Trend of support over time for each answer from 26.6k Sydney voters.
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Trend of how important this issue is for 26.6k Sydney voters.
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Unique answers from Sydney voters whose views went beyond the provided options.
@9SXQY5G3mos3MO
Slightly yes, I believe the government should have regulations that protect consumers. I however don’t agree that they should have full control as the prices set in the free market are important for research by firms.
@Ok3mos3MO
Yes, but the government should provide subsidies to the research and development of life saving drugs
@8RJNF2Q4yrs4Y
No, instead they should offer subsidies and rebates or a loan system like Hechs/Fee-help where you only are expected to pay if your income reaches a suitable threshold.
@8TLSNZV3yrs3Y
No, this would lead to people using fake reasons to buy drugs and then sell or deal it in a black market.
@8SW4NZC4yrs4Y
the government should invest more money into drug research, and yes regulate prices for life saving drugs, an expensive suggestion sure but ultimately better for everyone.
@8QWKK2J4yrs4Y
Yes, but if the company wants to charge more make sure money is going towards research etc.
@8QTK9ZK4yrs4Y
the state governments should
@8PD787J4yrs4Y
Yes, but primarily through ensuring that the profit margin isn't too large for these drugs and that any large profit is reasonable or is going towards further research
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