Australian pharmacy losses predicted to total $1.2bn over four years under Labor prescription reforms

Government models also outline benefits to patients as guild says changes will send small and regional businesses to the wall'

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Pharmacies could lose more than $150,000 each annually over the coming years under Labor reforms that reduce the cost of many prescription medicines, the government's own analysis shows.

The government says allowing people to buy two months' worth of medicine for the price of a one-month prescription will save patients up to $180 a year per medicine.

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