prescription drug costs

The American healthcare system saved more than $1 trillion over the past 10 years from buying generic prescription drugs, according to a study released by the Generic Pharmaceutical Association. The study put the current savings at $1 billion every other day — totaling $193 billion in 2011. It was conducted by the IMS Institute for Healthcare Informatics, a division of IMS Health. “The remarkable findings demonstrated in this report are a testament not only to the generic…