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Rising care costs According to the CBO, the result of the proposal would be huge savings to taxpayers, and far-reaching effects in the pharmaceutical industry. (Photo: Shutterstock)

(Bloomberg) –A drug-price proposal from Democrats in Congress would save taxpayers $345 billion over a seven-year period, according to a new estimate, punching a hole in pharmaceutical company sales and causing ripple effects in health care systems around the world.

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