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News Summary: Global drug spending rising slower

By The Associated Press
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MEDICINE SALES: Worldwide spending on medicine will increase at a slower pace over the next four years, health data firm IMS Health forecasts. Many big-selling drugs are losing patent protection at the same time insurers and government health programs are tightening up spending on brand-name drugs.

WELCOME RELIEF: Patients, insurance plans and government programs will save money by being able to choose lower-cost generic drugs.

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