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April 27

Health Insurance Blog Says Drug Sales Fall With Recession

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Filed under Health Insurance | No Comments

For the first time in roughly fifty years, IMS is predicting that drug sales will drop this year. The drug data firm is forcasting a 1-2%drop in sales as a result of the recession and a shift in financial burden from insurance companies to individuals in the form of higher deductibles and copayments. Also, there is more competition from generic brands, pushing major drug companies such as Pfizer and Sanofi to enter the global generics business. How much have the changes in the way health insurance is structured affected the drug industry? Would the drop have occured even without the recession?  Read more at our sister Health Insurance Blog today,

This entry was posted on Monday, April 27th, 2009 at 11:32 am and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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