Go for Generics to Save Money

It is very necessary nowadays to save money and to invest it for our good future. You should be the best at your savings to live a comfortable life in the near future. Even due to the economical crises all over, it is our moral duty to save the money. Thus, to save the money of the manufacturer and the government, we need to switch from the branded drugs to the generic drugs.

The main benefit of the generic drugs is to the customer as it serves him with the best quality of the drug at the cheapest possible rates. But still the customer don’t want to buy the generic drugs as he believe in the myths like, generic drugs are of inferior quality, generic drugs harm your body, generic drugs are poor man’s drugs and should not be taken by the middle class or rich people, and generic drugs are manufactured by following the substandard practices. I will prove all these myths to be false and would make you aware of the fact that generic drugs are the quality medicines available at the less cost. Generic drugs are approved by US Food and Drug Administration Generic drugs are identical or bioequivalent to the brand name counterpart with respect pharmacokinetic and pharmacodynamic properties.

Doctors also mention that because of the low prices of generic drugs even the patients are happy and asking them to prescribe the generic drugs, but still some class of the people believe that doctors prescribe generic drugs as they are being pressurized by the government and the insurance companies. But, the reality is that the doctors have now understood that the generic drugs are equivalent in the effect like the branded drugs and even don’t have any severe side effects on the health of an individual. As a result of this the doctors have started giving the prescriptions of the generic drugs.

Generic drugs are easily available in the market and they even do not require the prescription depending on the rules in the country in which you are buying them. The Hatch-Waxman Act made it much easier and cheaper to bring a new generic drug to market. According to this act, generic drug producing companies merely had to prove that their drug had the same active ingredients and that they were absorbed into the body at a rate within 20 percent of the rate of the brand drug. As a result, generic drugs are easily available in the market and they even do not require the prescription depending on the rules in the country in which you are buying them. Food and Drug Administration in United States has declared that generic drugs are safe to consume and doesn’t have any harmful effects on the human body.

Generics are very cheaper in cost when compared to the brand-name drugs. The main reason for the low cost of generic drug is the increase in the competition when the drug is no longer protected by the patents. Companies producing generic drugs have to no longer spend the money on the drug discovery. . Generic drug companies receive the benefit of the marketing and advertising effects put by the brand-name drug companies. Thus, due to all these facts the generic drugs are available at low cost and not because they are drugs with the inferior quality. Generic drugs manufacturers are allowed to sell the generic drugs in the market only after they undergo the clinical trials and show the positive results of the drugs without any more side effects than the branded drugs. The officials from the FDA visit the manufacturing unit of the generic drug manufacturers and check whether they are following the standard methods mentioned or not. Thus, after undergoing all these tests only the generic drugs are allowed to be sold in the market. Hence, you should not think generic drugs as substandard drugs and should shift to the generics to save money.