Health has emerged as a pivotal issue in the federal election campaign, with both Labor and the Coalition facing accusations of mismanaging Medicare despite their proposals for significant healthcare funding.

In a collaborative effort, both parties have agreed to cap prescription costs under the Pharmaceutical Benefits Scheme (PBS) at $25, which is projected to cost approximately $689 million over four years.

They also align on key initiatives such as a bulk-billing boost, with both parties matching Labor's ambitious $8.5 billion plan to make 90% of GP visits free.

Labor plans to invest $135.2 million in online mental health support and an additional $16.7 million for peri-natal mental health services, highlighting its commitment to mental health.

In a further push for mental health, Labor's proposals include a substantial $1 billion increase for youth mental health support through headspace clinics and other specialized centers.

The Coalition has also proposed $400 million for youth mental health initiatives and a $15 million boost for suicide prevention research.

Additionally, the Coalition plans to review women-specific items on the MBS and PBS with a $5 million investment, while also increasing the number of Medicare-subsidised mental health sessions from 10 to 20, backed by a $500 million budget.

Labor's healthcare initiatives further include a $200 million revamp of St John of God Midland Public Hospital in Perth and $644 million for establishing 50 Medicare Urgent Care Clinics.

On the rural healthcare front, the Coalition will invest $100 million to enhance services and allocate $4.9 million for medical flights operated by the charity Angel Flight.

In the Northern Territory, both parties are committed to improving aged care, with Labor investing $60 million in a new aged care home and providing a $2.6 billion pay rise for 60,000 aged care workers, while the Coalition plans $60 million for aged care infrastructure and $7.6 million for a family care center in Katherine.

Both parties will also support the establishment of a $200 million 24-hour telehealth service named '1800MEDICARE,' reflecting their commitment to accessible healthcare.

Labor is set to allocate $80 million to expand the emergency department at Fairfield Hospital and $120 million for a maternity ward at Rouse Hill Hospital in Sydney, further emphasizing their focus on healthcare infrastructure.