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    Generic drugs and pharmaceutical costs

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    Pharmaceutical costs have been some of the fastest growing costs in healthcare. Some have questions why this is happening. What impact does the introduction of generic drugs have on pharmaceutical costs? Please help me with this question.

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    Solution Preview

    The first thing is to recognize the difference between generic and non-generic drugs. Pharmaceutical companies spend millions of dollars researching, developing and bring to market drugs. For every drug that is approved by the FDA there are many more not approved and even ...

    Solution Summary

    Short paragraph with web references regarding the impact of generic drugs on pharmaceutical costs.