In total, public investment in 6CPA out of a five-year value in 6CPA amounted to $16.8 billion, combining compensation, professional pharmacy programs, NDSS financing, wholesale premium and wholesale compensation obligation financing. This excludes the compensation that will be collected for the following payment obligations if the Commonwealth does not contribute to the cost of the drug. Negotiations on the seventh EU Pharmacy Agreement (7CPA) have begun in 2019. The government originally wanted to conclude negotiations by the end of 2019, but will continue until 2020. In addition to the Guild, the Pharmaceutical Society of Australia (which represents all pharmacists, not just pharmacy owners) will be co-signer of 7CPA for the first time. The Ministry of Health also consulted with a number of other stakeholders in the consumer, pharmacy and health sectors on the policy and funding considerations of 7CPA, although these stakeholders did not sign the agreement. The 6CPA has significantly increased funding for professional pharmacy programs – a doubling – which, over the past half decade, has become a direct use of patients. It also laid the groundwork for the upcoming 7th Community Pharmaceutical Agreement, which will again be negotiated between the Commonwealth and the Pharmacy Guild, with an emphasis on patient utility, support for PBS and the viability of the highly trusted and respected network of community pharmacies. The first EU agreement on pharmacies included a compensation package for pharmacists as well as a package of structural reforms aimed at promoting better distribution of pharmacies across Australia (through provisions restricting the opening of new pharmacies) and encouraging the closure or merger of pharmacies located in supercharged areas. The scope of subsequent agreements has been expanded to include funding for pharmacy programs (for example.
B programs to assist patients in the management of their medications) and other issues. Since 1990, the remuneration received by pharmacists for the dispensing of drugs from the Pharmaceutical Benefits Scheme (PBS) and the regulation of the location of pharmacies have been governed by a number of agreements between the Australian government and the Pharmacy Guild of Australia (the Guild). Over time, these agreements have expanded their scope and now offer professional pharmacy programs and services. The signing of 7CPA demonstrates the government`s ongoing commitment to helping Australian patients through a community pharmacy. Professional pharmacy programs appear to have received $1.1 billion in funding over the past five years, about $100 million less than expected. The CSO Funding Pool helps ensure that low-volume PBS drugs are supplied to pharmacies in other municipalities across Australia and that all pbS drugs are delivered to rural and isolated pharmacies in the Community. The sixth Community Pharmacy Agreement (6CPA) between the Australian government and the Guild allocates approximately US$18.9 billion to more than 5,000 community pharmacies for the distribution of pbs drugs, the provision of pharmacy programs and services, and community engagement agreements for services with pharmaceutical wholesalers.