The New Treatment Fund for Innovative Medicines in Wales

On 28 September Vaughan Getting, the Cabinet Secretary for Health, Well-being and Sport made a statement to the Welsh Assembly on establishing a new Treatment Fund. He said that the purpose of the fund was to allow the introduction of new medicines and treatments for life-threatening diseases that meet NICE and the All Wales Medicines Strategy Group (AWMSG) criteria. However no precise funding details were given.

The Draft Budget for Wales for 2017/18 has now been published and explains that it will:

“provide £16m in 2017-18 for the new Treatment Fund. The emergence of new and innovative but often high-cost medicines and treatments places a responsibility on us to ensure our limited resources are invested where the proven benefit is in balance with the cost. This new fund will give people, in Wales, fast access to new and innovative treatments.”

This is against a backdrop of a proposed extra £240m for the Welsh NHS in 2017/18, including £15m for diagnostic equipment.

 

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Published on 19. October 2016 in News UK