CANBERRA: The Australian government has promised to cut the cost of medications if re-elected in May, Xinhua news agency reported.Prime Minister Scott Morrison (pix) on Saturday announced the Coalition would spend AU$150 million (US$105.9 million) to reduce the out-of-pocket costs of medicines from 2023 if elected on May 21.Under the plan, the maximum cost of all medications subsidized by the government under the Pharmaceutical Benefits Scheme (PBS) would be reduced from AU$42.50 Australian dollars (US$30) per prescription to AU$32.50 Australian dollars (US$22.9).Morrison said the measure would offer immediate cost of living relief to 19 million Australians.“In the Budget this year, we under
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