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Thursday, April 14, 2016

US Medicine Spending up 8.5% in 2015

http://www.stltoday.com/business/local/report-u-s-medicine-spending-up-percent/article_c741af17-ee74-50d4-87fc-a8f312b33aff.html

A report from data firm IMS Health estimates patients, insurers, government programs and other payers spent a combined $309.5 billion last year on prescription medicines.
The IMS Institute for Healthcare Informatics is forecasting that annual increases in U.S. prescription drug spending will slow to 4 to 7 percent through 2020, after rising around 10 percent in each of the past three years. It predicts spending will reach $370 billion to $400 billion in 2020.
The totals are based on net prices paid after deducting discounts and rebates that manufacturers give to insurers and other payers. In prior years, IMS based its report list prices before those deductions.

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