The U.S. is not alone in its struggle with high drug prices.

IMS Health, a health care industry consulting firm, projectsthat global drug spending will rise 30 percent in the next fiveyears.

By 2020, the world will be spending $1.3 trillion on medicine,up from the current $1 trillion.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.