The amount of money Americans are spending on medicines has dropped 1% from 2011 to 2012, averaging approximately $325.8 million according to a new report released by the IMS Institute of Healthcare Informatics. Many experts suggest that the drop is due to increased availability of cheaper generic versions of certain drugs. Generic drugs added an extra $28.9 billion to 2012′s pharmaceutical spending. Also, more people are putting off medical care in hopes of saving money. The director of research development at IMS, Michael Kleinrock said, “some choices that people are making may not be in everyone’s best interest.” More here Read more »