Generic Drugs Saved $230B Last Year, Report Says.

says a report from the Generic Pharmaceutical Association released Wednesday showed that generic drug prices “are still declining overall even as more are sold.” Last year, “generic drugs made up 88% of prescriptions filled and 28% of total drug spending.” This year, “the percent of prescriptions increased to 89% while the percent of overall spending dropped to 27%.” The report said that last years savings amounted to $230 billion. http://www.usatoday.com/story/news/politics/2016/10/18/generic-drugs-saved-230-billion-2015-but-their-prices-rise-too/92366472/