The cost of prescription medications continues to skyrocket. While not every prescription drug has an equivalent lower cost match, many generic drugs can be substituted for the higher cost, name brand version. A generic drug becomes available to the public after the initial research and development phase of a new product is completed and after any patent related to that process has expired. Since the drug has already been proven in the market, large quantities of a duplicate generic medication can be produced without the added expense of development and advertising. This brings down the cost to the consumer.
In the U.S., the FDA requires that any generic drug must have the same active ingredients as the original, brand name version. This ensures that the effectiveness, safety and side effects are identical and that the consumer is protected from variations should they switch to a generic version. The FDA provides a list of approved generic drugs to make sure the customer knows what they are getting is approved by the FDA. Many insurance companies, including Medicare, encourage customers to take advantage of a generic drug wherever possible. Also, many physicians in the U.S. prescribe generic medication for their patients if it is available. It has become a standard practice in most communities to follow this protocol which benefits the medical practitioners, insurance companies and the end user – the patient.
The safest and most reliable source for obtaining a generic drug is through a local pharmacy or an approved online supplier. Purchasing drugs without a prescription from an unknown source or foreign company can be risky because the ingredients may not be FDA controlled. If the prescribing physician has not specifically called for the generic drug name, many pharmacies will ask if the patient would like to substitute. This may require a phone call or FAX to confirm but in most cases the less expensive version will be approved by the doctor.
Generic drugs are a fantastic option for individuals everywhere who want to spend less on medication, and are generally useful despite rumors. Pharmacy reviews might help those who are looking for reliable sources of generic medication.
Fundamentally, generic drugs are medication that was manufactured and dispersed without using any patent. The main rule right now for generic medicines is they must have the same substances that are used in the manufacturing of the branded counterparts. The government regulates producing generic medication, and makes certain that they are made as essential equivalents of the branded versions and contain a lot of the same properties and effects. Typically, this implies that generic medication needs to have the identical strength, efficacy, and safety level as their branded variants, and are used and administered in absolutely the identical way.
People looking to spend less when choosing treatment should visit pharmacy reviews located online to get additional information about the drugs they wish to buy. Pharmacy reviews will surely help a lot of men and women in finding good options for generic medicine. An online pharmacy review web site will generally contain a large amount of data regarding a number of suppliers of generic drugs online. Today, it’s possible to even find generic pharmacy review sites that are a lot more specific. Such sites resemble regular pharmacy review pages but concentrate on supplying info regarding online pharmacies that primarily sell generic medicine.
We hear a lot today about the pros and cons of generic medications. the markets are flooded with these medications and the name brand companies warn the customers about using only name brand. The truth of the matter is that most generic brands in U.S. markets are just as good if not the same as their name brand counterparts. in order for readers to understand it is best to start with the defenition of what is a generic drug.
A generic drug is identical, or bioequivalent to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use. Although generic drugs are chemically identical to their branded counterparts, they are usually sold for much less in comparison to the branded ones. According to the Congressional Budget Office, generic drugs save american consumers an estimated $8 to $10 billion a year on the retail pharmacies level.
For drugs to be sold in pharmacies an and stores in the U.S.A, Drug companies must submit an abbreviated new drug application (ANDA) for approval to market a generic product. their are laws put into place for the protection of final consumers, one is The Hatch-Waxman Act of 1984, which made ANDAs possible by creating a compromise in the drug industry. due to this law Generic drug companies gained greater access to the market for prescription drugs, and innovator companies gained restoration of patent life of their products lost during FDA’s approval process.