PhRMA Touts Prevention, Innovation as Industry Cost-Cutters

PhRMA cited disease prevention and innovation as two critical steps in helping President Barack Obama reduce spending after a White House summit on healthcare reform. Participants, which included insurers, hospitals, physicians, medical device companies and labor representatives, pledged to cut the growth rate of national healthcare spending by 1.5 percentage points a year — to a total of more than $2 trillion — over the next 10 years, Obama said after the meeting.
Washington Drug Letter