What does it mean when a medication is fully funded or partially subsided?

If you are given a prescription for a fully funded medication, you will not have to pay for it (unless it is from a private specialist or dentist). If the medication is partially-subsidised the amount that you will be charged will depend on the difference between the subsidy and the price that the manufacturers charge as well as the mark up from the dispensing pharmacy. Because the mark-up that the pharmacy charges may vary between pharmacies the final price you are charged may also vary. Pharmacies are required to provide you with a breakdown of charges so that you can clearly understand how they have been calculated.