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Why are Generic Drugs Preferred by All?
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Posted On :
Jun-09-2010
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Article Word Count :
497
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Health is one crucial thing that no one can experiment with. When it comes to healthcare everyone wants to ensure that they are in good hands. They rely on the best and the most reputed doctors and the medicines that are prescribed through them.
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Health is one crucial thing that no one can experiment with. When it comes to healthcare everyone wants to ensure that they are in good hands. They rely on the best and the most reputed doctors and the medicines that are prescribed through them. In some countries, healthcare is provided absolutely free by the government while in some others the expense related to medical care is sky-rocketing high. Although quality is important when it comes to healthcare it is rather impractical for men and women from the working population of the society to spend all their hard earned money on their expensive medications rather than school and college fees of their children.
This is where the alternative kind of drugs known as generic drugs comes to rescue of the average middle class earner. Unlike the branded drugs generic drugs impose a lesser pressure on your wallet and is highly cost efficient. Although of the same caliber as that of the branded drugs the generic counterparts of these drugs cost several times lesser than their branded versions. Nothing about the drugs are different other than the cost. The active ingredients in the drug are the same and give the exact same health benefit like the branded drugs. It is a general assumption that when a commodity is priced less the quality has been compromised but this does not hold true for generic drugs. In fact you must see why the cost is high in case of branded drugs and that would clear you of all your apprehensions.
The cost of the branded drug is substantially high because its price includes a lot of aspects like cost incurred on research and development of the drugs, cost of production and manufacture, cost of advertising and marketing and costs of patenting. All these costs are a major consideration when the manufacturer comes to the stage of finalizing the drug’s retail price. On the contrary, generic drugs, although a bioequivalent to its branded counterpart, is generally priced way too lower than the branded ones because they let out in the market only after the patent on the branded versions expires. This duration normally lasts anywhere upto 17 years. Thus generic drugs tend to be cheaper since they are devoid of all those extra costs associated with the production of the original branded drugs.
However, if you wonder why branded drugs are still in the market even when its generic versions are also made available there are two things that would answer your query. One is not all branded drugs have generic versions and second is that the generic versions, however similar in their active constituents, quality, strength, purity, stability and health benefits to the branded ones, do have some dissimilarities with regards to inactive and inert ingredients used as fillers, colors and flavors. They are packaged differently as well. As far as its effect on the health is concerned they are as safe and effective as the branded ones.
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Article Source :
http://www.articleseen.com/Article_Why are Generic Drugs Preferred by All?_21581.aspx
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Author Resource :
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Category :
Health and Fitness
:
Health and Fitness
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