Monday, December 15, 2008

Tip of the Day

Keep up pushing employees toward generics.

The effort is paying off. New study results from IMS Health show total spending on generic medications decreased by 2.7% to $33 billion, the largest decline in a decade. The average price that drug makers charged for generics decreased 8%, and consumer demand for generics increased 5.4%. Even better news, IMS Health predicts the trends will increase through 2012.

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