Consumers to save $1.9 billion on prescription drugs
The federal government says consumers will save $1.9 billion on prescription drugs as a result of a memorandum of understanding with Medicines Australia, under which pharmaceutical manufacturers will have to tell the government the wholesale prices of drugs sold to pharmacies and hospitals.
A new report from IMS Health, a consulting firm, shows that Americans spent more than $307 billion on medicines prescription drugs in 2010.