The estimated annual cost of reducing the monthly Drug Payment Scheme threshold from €100 to €72 for single-headed households is €5.23m.
The estimated annual cost, in respect of families, for such a threshold reduction would be €18.67m. Therefore, the estimated annual cost for all claimants would be €23.9m.
The following caveats apply in respect of this data:
- The source data used for determining costs was the claiming month of March 2021 and was annualised to determine the full year cost.
- The costing excludes the increase for any individuals who were below the threshold level as of March 2021, or €114 per month.
- The costing excludes any impact resulting from an aging demographic.