Prescription Costs in 2024.
Medicare Prescription Charges have a maximum price that can be charged to Medicare Card holders. These are the subsidised prices so that most people pay less than the actual cost of the medicine.
People with a concession card, health care card or other concession card, pay a much lower price than the normal subsidised prices.
Medicare Prescription cost effective from 1 January 2024.
The maximum cost for most Prescription items has risen to $31.60, from the $30 in 2023. An increase of $1.60 or 5.3%
Concession card holders face an increased maximum cost of $7.70, from the $7.30 in 2023. An increase of $0.40 or 5.5%
Some Pharmacies give a $1 discount, so the cost for a concession card holder might be $6.70 at these pharmacies.
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- In January 2024, I paid $6.70 for a prescription.
- In 2023, I paid $6.30 for most prescriptions.
- In 2022, I paid $6.60 for most prescriptions.
- In 2021, I paid $6.60 for most prescriptions.
- In March 2020, I paid $5.60 for a prescription.
- In 2019, I paid $5.50 for my prescriptions.
- In 2018, I paid $5.40 for my prescriptions.
Safety Net Thresholds for 2024.
- General: $1,647.90
- Concessional: $277.20
History of Australian Prescription Fees 2001-2024.
- 2001 Concession card Holders paid $3.50. Normal price was $21.90.
- 2002 Concession card Holders paid $3.60. Normal price was $22.40.
- 2003 Concession card Holders paid $3.70. Normal price was $23.10.
- 2004 Concession card Holders paid $3.80. Normal price was $23.70.
- 2005 Concession card Holders paid $4.60. Normal price was $28.60.
- 2006 Concession card Holders paid $4.70. Normal price was $29.50.
- 2007 Concession card Holders paid $4.90. Normal price was $30.70.
- 2008 Concession card Holders paid $5.00. Normal price was $31.30.
- 2009 Concession card Holders paid $5.30. Normal price was $32.90.
- 2010 Concession card Holders paid $5.40. Normal price was $33.30.
- 2011 Concession card Holders paid $5.60. Normal price was $34.20.
- 2012 Concession card Holders paid $5.80. Normal price was $35.40.
- 2013 Concession card Holders paid $5.90. Normal price was $36.10.
- 2014 Concession card Holders paid $6.00. Normal price was $36.90.
- 2015 Concession card Holders paid $6.10. Normal price was $37.70.
- 2016 Concession card Holders paid $6.20. Normal price was $38.30.
- 2017 Concession card Holders paid $6.30. Normal price was $38.80.
- 2018 Concession card Holders paid $6.40. Normal price was $39.50.
- 2019 Concession card Holders paid $6.50. Normal price was $40.30.
- 2020 Concession card Holders paid $6.60. Normal price was $41.00.
- 2021 Concession card Holders paid $6.60. Normal price was $41.30.
- 2022 Concession card Holders paid $6.60. Normal price was $42.50.
- 2023 Concession card Holders paid $7.30. Normal price was $30.00.
- 2024 Concession card Holders paid $7.70. Normal price was $31.60.
More can be see at: www.pbs.gov.au/…/fee