Announcing the news as part of the Federal Budget 2023 - 2024, Treasurer Jim Chalmers said the tripling of the incentive to GPs would benefit approximately 11 million people, almost half of which being children.
Health Minister Mark Butler went on to describe the change as "the largest increase to the bulk billing incentive in the 40-year history of Medicare." RELATED || Why it's getting harder to find GPs who bulk bill GPs around the country have long held concerns over the rising costs of patient care, with Medicare barely reimbursing enough to cover expenses.
The amount Medicare refunds GPs for bulk-billed services has remained largely the same for the past decade. This has forced many practices to scrap bulk-billing altogether – impacting loyal patients who have seen the same doctor for years.
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