There are limits to how much reducing the cost of a single drug can save, however.
Reducing the cost of doing business leads to higher rates of growth and entrepreneurship.
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And the answer is by radically reducing the cost of living relative to income.
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The reason is that reducing the cost of work or information has leveraged impact through the entire economy.
Ford is reducing the cost of its current hybrid system by 30 percent versus the company's previous-generation system.
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At that time, the new CEO at Merck was very focused on reducing the cost structure of the company.
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Energy cost reduction has the greatest impact on reducing the cost of work.
So, the senator proposes reducing the cost of living adjustment by 1 percent.
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Further an active risk management strategy has resulted in reducing the cost volatility.
Among the areas where Esquel has boasted advances of late: reducing the cost of energy used in the manufacturing process.
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The spokesman added: ""We are aiming to reduce the existence of crowding alongside reducing the cost of the prison estate.
The reason why is pretty basic: When we devalue we're actually lowering real wage rates, thus reducing the cost of hiring.
The inability to leverage standards on Hadoop such as SQL requires further investment without reducing the cost of the data warehouse.
And these efforts, by reducing the cost of government operations, have improved the bottom line and contributed to our strong economy.
"It's a big plus in terms of reducing the cost, " says Reynoso, whose company is working with Validare on a trial basis.
The idea is to share computing power among many companies and people, thereby reducing the cost of that computing power to those who leverage it.
Distance learning threatens one day to disrupt higher education by reducing the cost of college and by offering the convenience of a stay-at-home, do-it-on-your-own-time education.
Alternatively, strategists could be hedging short positions in the stock, reducing the cost of protection by establishing call spreads rather than simply buying calls outright.
Months later, the group returned with proposals for reducing the cost of doing business, streamlining the regulatory process, boosting tourism and improving the public schools.
Members of Congress are talking about reducing the cost of living adjustment for Social Security, and it no longer seems to be such a political taboo.
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They added that the programme could help the NHS to save money by reducing the cost of treating patients who develop kidney disease and eye problems.
As a result, the Fed and other central banks were able to push interest rates lower than in the past, reducing the cost of a mortgage.
If lower interest rates lift share prices, this may boost consumer spending as private shareholders feel wealthier, or spur corporate investment by reducing the cost of capital.
Unhappy suppliers could try to respond by taking their business to rivals, reducing the cost of producing their products or raising their prices, increasing costs for buyers.
Other top priorities, he added, would be stabilising the economy, striving for peace in the region, more egalitarian military and civilian services and reducing the cost of living.
Containerisation helped to promote globalisation by reducing the cost of shipping goods so sharply that manufacturers could afford to search the world for factories where costs were lowest.
If the currency were forced to appreciate, the costs of those inputs would decline, reducing the cost of production and the cost of final goods to U.S. consumers.
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But a series of new cables is in the works to improve Africa's connectivity with the rest of the world, increasing capacity and reducing the cost of internet access.
Partnering with Cingular will also take the first line of customer support out of Good's hands, reducing the cost to the company, particularly as the number of customers increases.
Ofwat and SWW are currently considering the findings of The Walker Report, a government report which looked into possible ways of reducing the cost of water in the south west.
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