WASHINGTON — A new study indicates that the public bears "unnecessary expense" when generic drugs aren't used.
The study, published Monday in JAMA Internal Medicine, found that prescribing branded drugs when generics are available "generates unnecessary medical expenditures, the costs of which are borne by the public in the form of higher copayments, increased health insurance costs, and higher Medicare and Medicaid expenses," the authors, led by Harvard Medical School professor Eric Campbell, wrote.
"The JAMA Internal Medicine study demonstrates that we are still leaving savings on the table that could be achieved by increasing the use of generic drugs," said Ralph Neas, president and CEO of the Generic Pharmaceutical Association, an industry lobbying group. "The use of safe and effective generic versions of brandname drugs currently saves consumers and the U.S. healthcare system $1 billion every other day, a total of $192 billion in 2011. But, as significant as these savings are, there still is room for improvement, and we must realize that generics are part of the solution to sustaining affordable healthcare in America."
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Comments
Post a CommentI actually agree with this
I actually agree with this study. Some of the Doctors prescribed those expensive medicine where in there are generics available. how about those poor people who has limited money, how can they afford such expensive medicine. I hope Doctor's could be able to find solution for this, try to considers those poor family. - boost youtube view
Generic Drugs provides less
Generic Drugs provides less price then your brand named medicines. So it will be benefit for that patient as there could be cheap generic medicines. Take for instance Generic viagra is much more cheaper than the actual authentic brand Pfizer's Viagra. So the people would tend to buy caverta, a generic version of viagra to treat their problem.
Well, increased health
Well, increased health insurance costs is something we definitely do not need at this point of our financial situation, when we are forced to turn to instant online pay day loans in order to purchase those branded drugs while we could have been using generic ones for long time already. We gotta hope and pray for major changes to be applied into our healthcare system as soon as possible, it surely will help more people to get healed in time.
Generic drugs can save you up
Generic drugs can save you up to 80% on the cost of a prescription when compared with the brand name drug. Most often, the savings range from 30% to 50%. Use this drug information forum to discuss more.