Italian Drug Spending Cuts Clarified By Minister
Following speculation about the new Italian government's intentions on pharmaceutical spending (Marketletter June 17), Health Minister Rosy Bindi has stepped in to say that any health budget cuts the government might announce will be under 1,000 billion lire ($648.5 million). The 15,000-16,000 billion lire correction to the state budget, which the government is considering, will stem from some 11,500 billion lire spending cuts, with the rest coming from higher revenues, including some taxation.
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