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Australian Federal Budget Impact on Eyecare PDF
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Australian News
Friday, 16 May 2014

Although the Medicare fee cap will be removed the newly announced Federal budget outcome has been not very good news for the health professions. Optometrists have seven months to reconsider their billing structure following an announcement in the Federal Budget that the Medicare fee cap will be removed. It will enable optometrists to set their own fees in a similar manner to other health providers. Apart from the fee cap removal there will be following changes:

  • From 1 July 2014 to 1 July 2016 MBS (Medicare Benefits Schedule) indexation will be freezed
  • Reduction to the rebate for optometry services funded under Medicare from 85% of the scheduled fee to 80%
  • Eligibility for MBS-rebateable comprehensive eye examinations will be changed from two years to three years for asymptomatic people under 65 years of age and asymptomatic patients aged 65 years and over will have yearly, rather than the current two-yearly, access to Medicare rebateable comprehensive eye examinations. This would result in savings of $9.6 million over five years. 

Other health professions will also face funding cuts such as reductions in rebates for most GP and out-of-hospital pathology and diagnostic imaging services and the introduction of an optional co-payment to the cost of most visits to the GP. 

The savings from these measures will be invested by the Government in the Medical Research Future Fund. There will be $276.2 million over three years from 1 July 2015 in net earnings from the Medical Research Future Fund (MRFF) to fund critical medical research in the medium to long term. The MRFF will provide a sustained funding stream for medical research, with payments from the MRFF expected to reach around $1.0 billion per year from 2022‑23.

Global Assessment of Diabetic Retinopathy Alliance Established PDF
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International News
Thursday, 15 May 2014

DR AllianceA new project has been launched to assess the awareness, treatment and implications of diabetic retinopathy globally. Results are intended to inform decision-making and policy development around this common and serious complication of diabetes.

Project partners, the International Federation on Ageing (IFA) and the International Diabetes Federation (IDF), working in collaboration with the New York Academy of Medicine (NYAM) and the International Agency for the Prevention of Blindness (IAPB) will gather evidence on knowledge, policies, standards of care, and supportive services for retinopathy across 40 countries.

Retinopathy is one of the most common complications associated with diabetes and one of the major causes of adult blindness. Up to 11% of adults with diabetes have Diabetic Macular Edema (DME), a specific type of diabetic retinopathy. According to the IDF Diabetes Atlas 6th edition, there are large variations in the estimates of retinopathy prevalence in people with known diabetes, with estimates ranging from 11 to 45% worldwide in people with type 1 and type 2 diabetes.

AM Eyewear Launches Limited Edition Shanghai Tang Sunglasses PDF
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Product News
Wednesday, 14 May 2014

Shanghai Tang celebrates its 20th anniversary with a unique and exceptional pair of sunglasses inspired by the classic Chinese round frames.

The authentic Chinese round glasses are given a modern, edgy twist with a strong eyebrow shape and mirror lenses. The eyewear series comes in five vibrant colour combinations of the frame and the lenses, making the sunglasses a statement piece for both men and women to express their sense of style and personality.

Shanghai Tang Sunglasses

The limited edition eyewear is a collaboration between Shanghai Tang and the iconic Australian label AM Eyewear, which is well known for its original and truly handcrafted eyewear from design to production. The two prestigious brands come together for this pair of sunglasses, injecting their true sense of luxury and integrity to a new style of China chic.

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Allergan Rejects Takeover Proposal from Valeant PDF
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Tuesday, 13 May 2014

Allergan, Inc. has announced that its Board of Directors has unanimously rejected the unsolicited takeover proposal announced by Valeant Pharmaceuticals International, Inc. on April 22, 2014. After a comprehensive review, conducted in consultation with its financial and legal advisors, the Allergan Board concluded that the proposal substantially undervalues Allergan, creates significant risks and uncertainties for the stockholders of Allergan, and is not in the best interests of the company and its stockholders.

Allergan also announced that, given the strength in its business, it expects to increase earnings per share by 20 to 25 percent and continue to generate double digit revenue growth in 2015. Additionally, the Company expects to produce double digit sales growth and produce earnings per share compounded annual growth of 20 percent over the next five years.

Allergan recently reported strong first-quarter numbers, beating analyst estimates for earnings and sales. Allergan reported U$1,619.1 million total product net sales. Total product net sales increased 13.0 percent compared to total product net sales in the first quarter of 2013.

theo Unveils Limited Edition Fluo Glasses for the Millennium Generation PDF
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Product News
Monday, 12 May 2014

The new Limited Edition of theo certainly won't go unnoticed. The successful Mille series – retro-inspired eyewear for the Millennium generation – is being given a whole new family of variations, this time in fluo. Seven acetate models in a range of fluorescent colours make up the ‘Mille – Limited Edition’ of which there are only 75 sets available. Glasses for ‘the young and the brave’.

theo Fluo Glasses

Unlike the first Mille series, in this limited edition it's not about the form, but about the colour. That's hardly avoidable with glasses made from transparent, fluorescent-coloured acetate, with temples in a contrasting colours. In addition to the four existing Mille models in acetate, designer Serge Bracké came up with 3 extra models that fit perfectly with the concept. The result is a set of seven no-nonsense frames, designed for Generation Y.

The theo twist is abundantly present in the choice of colours. theo just loves an intense dose of colour... but it's also present, if a bit more concealed, in the rounding of the frames, inspired by Japanese vintage styles, and the colour accent on the ear tip.

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