“The Generic Pharmaceutical Association (GPhA) released an independently conducted analysis showing that the savings to consumers and the U.S. health care system from the use of generic prescription drugs has risen to a current rate of $1 billion every other day totaling $193 billion in 2011 and more than $1 trillion over the last 10 years (2002-2011). The Generic Drug Savings study was conducted for GPhA by the IMS Institute for Healthcare Informatics, a division of IMS Health that has been a leading provider of market intelligence to the health care industry for more than 55 years.”
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