Facts & Figures
- Of 4 billion US prescriptions in 2007, up to 40 million may have been filled with counterfeits, up to 10% in California.
- Counterfeit prescriptions projected to cost $75 billion worldwide by 2010.
- Serious medication errors occur in the cases of five to 10 percent of patients admitted to hospitals.
- In 1999, the Institute of Medicine determined that about 7,000 people per year are estimated to die from medication errors alone – more deaths each year than deaths due to work-related injuries.
- A study found that two out of every 100 admissions experienced a preventable adverse drug reaction event resulting in average increased hospital costs of $4,700 per admission or $2.8 million annually for a 700-bed teaching hospital.
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