Generics save billions

April 22, 2014

Generic medicines have played a “critical role” in saving billions of dollars for the US health system and the economy according to president and ceo of the Generic Pharmaceutical Association (GPhA) Ralph G. Neas. Neas was quoted in a report titled ‘Medicine Use and Shifting Costs of Healthcare: A Review of the Use of Medicines in the United States in 2013’, which pointed out that even though medical services increased, the cost of medicine went up by 3.2%, an historically low rate. In addition, the savings were being passed on to retail customers he said, with 57% of medications available for five dollars or less. The report is quoted on IMS’ website - to read it, CLICK HERE.

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Pharmacy Daily | Generics save billions

Generics save billions

Other recent headlines

PD breaking news – Pharmacists to administer NIP vaccinations in aged care

PD breaking news – Top Western Australian talent honoured

Legal action for Montu

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES