Australia lagging in medicine investment

摘要

New OECD data shows Australia tagging in investing in medicines. Data newly released by the Organisation for Economic Cooperation and Development (OECD) reveals that Australia is not matching other industrialised countries in investing in medicines to treat disease. The new OECD Health Data 2014 report shows that Australia's public spending on pharmaceuticals is at 0.7% of GDP, compared with the OECD average of 0.8%, on the most recently available international data.