Benefits Think

Tip of the Day

Published December 15, 2008, 12:00 p.m. EST

1 Min Read

Keep up pushing employees toward generics.

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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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