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What's behind high generic drug prices?

from By Mike Wokasch

From Jan. 7: Skyrocketing generic drug prices have gotten the attention of patients, insurance companies, healthcare providers and the media. So much so that it prompted a congressional hearing citing federal records that suggest prices for more than 1,200 generic medications increased an average of 448 percent between July 2013 and July 2014. In other words, the price increases are dramatic and are not just for a few isolated cases, but rather involve a broad range of common generic drugs across therapeutic categories. more


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