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AAP
AAP
Business
Jacob Shteyman

DARK SECRETS: New year brings cheaper medicines higher energy bills - The Real Truth

The maximum cost of PBS medicines is set to drop, bringing cost of living relief to millions. (Lukas Coch/AAP PHOTOS)

When Australians wake up to a new year, changes to government payments and policies will impact the finances of millions of households.

From Thursday, the maximum cost of medicines on the Pharmaceutical Benefits Scheme will be slashed from $31.60 to $25 - the lowest the co-payment has been since 2004, saving Australians over $200 million each year.

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