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Employers are always on the lookout for ways to reduce health care costs while improving the quality of care provided to their employees. Pharmaceutical spending accounts for a significant portion of those costs, exceeding 25% and growing.

While it is difficult to estimate the exact amount of wasteful spending by employers on medication without more specific information, studies continue to show there is a significant amount of wasteful spending on medications in the United States health care system as a whole. One study published in the Journal of the American Medical Association estimated that up to $200 billion is wasted each year on unnecessary health care spending, including on medications. Another by the Institute of Medicine says it’s now approaching over $750 billion.

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