Executive Summary BMI View: The ongoing hospital debt situation, in addition to the Italian government’s focus on dereimbursement, will offset any benefits of the recently passed legislation that encourages increased hospital provision of innovative medicines. Headline Expenditure Projections ? Pharmaceuticals: EUR23.53bn (US$30.25bn) in 2012 to EUR22.58bn (US$30.25bn) in 2013; 4.0% in local currency terms. ? Healthcare: EUR154.20bn (US$198.25bn) in 2012 to EUR156.83bn (US$210.15bn) in 2013; +1.7% growth in local currency terms.
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