Medical Research Future Fund
MEDICAL RESEARCH FUTURE FUND
The Medical Research Future Fund (MRFF) was originally proposed as part of the 2014-2015 federal budget. Under the scheme, by 2022-23 an annual disbursement of $1 billion will be provided to medical research teams. This amount will be taken from the earnings of the fund,and the fund will remain at $20 billion total.
The MRFF will place Australia at the fore-front of medical research, with one of the largest medical research funds in the world. At this time, Australia is only spending 64% of the average on health and medical research, as a proportion of GDP. The introduction of the MRFF would rectify this problem.
The scheme was originally proposed to be funded through a GP co-payment. The co-payment was dropped by the Coalition government after it failed to gain the support of the Australian medical community. While the GP co-payment is currently defunct, Health Minister Sussan Ley has confirmed that the MRFF will still be pushed forward. Minister Ley has vowed to work with the medical profession to determine the best ways to fund this project, while still keeping services affordable for those who need them the most.
Visit the Australian Government page on the MRFF here.
The AMDF is a proud supporter of the Medical Research Future Fund Action Group. Visit the Action Group here.
AMDF Position Statement
The AMDF fully supports the creation of the Medical Research Future Fund. With the extra funding being raised for medical research, we will be that much closer to finding new and improved methods of treatment for those suffering from mitochondrial disease. On top of this, we will be that much closer to finding a cure for the many patients living with the disease here in Australia.