How to Reduce Healthcare Costs with Generic Medicines

1. How to Reduce Healthcare Costs with Generic Medicines? medbuzz.in/blogs/how-to-reduce-healthcare-costs-with-generic-medicines Introduction Billions are spent by the pharmaceutical industry on research and development annually. With this, the groundbreaking prescription drugs have formed that impact the lives of millions. Because of the free market, these life-altering medicines and health care innovations have come. When big companies produce branded drugs, they have a limited period, typically twenty years because of the patent. After the expiry of the patent, it becomes available for other manufacturers and then is declared a generic drug. How Generic Medicines Reduce the Cost of Healthcare? Since generic drugs contain similar chemical compositions as branded medicines, they have the same characteristics as the original brand version. The generic drug is used as an equal substitute for the branded drugs, and these generic medicines cost much less than the authentic brands. Thus if generic medicines are made available, the drug prices are effectively reduced. Generic medicines are 80 to 85 per cent less expensive than branded counterparts as per the Food and Drug Administration. According to the AAM or Association for Accessible Medicines, generic drugs can create enormous savings for state health care programs. The states saved around $5.2 billion by encouraging the use of generic medicines in place of branded medicines. On average, more than $40.6 billion was saved nationwide on state Medicaid programs. With the increasing popularity of generic medications, doctors are prescribing affordable generic drugs than the branded ones. 1/3

2. In 2017, AAM found that out of ten prescriptions, generic drugs comprised nine prescriptions in the US. Medicines for hypertension, cholesterol, mental health, ulcers and other choric diseases generated significant savings by seniors. The Government of different countries increased the time and cost of drug development. With the encouragement by the Government to buy generic medicine online by using generic medicine apps, the availability and ease to get the generic drugs is much more comfortable. Not by the lawmakers but with some commonsense reforms the price of both the new and generic drugs can be brought down. Chronic diseases like hypertension need lifelong treatment and are believed to transform into cardiovascular disease too. Controlling hypertension reduces the risk of coronary artery diseases, stroke, congestive heart failure, periphery vascular disease, end-stage renal disease and mortality. All these needs the right quality medicines and those medicines are no doubt but costly. It is necessary to manage hypertension with drugs as if not controlled, can bring the enormous burden of medication cost on the patients. Generics medicines are cost-effective drugs and are also an effective way for the treatment of CVS disorders. Generic medicines are similar to the branded medications with equal strength, quality, safety, stability, route of administration and performance characteristics. These generics are manufactured in the GMO Certified manufacturing units and has a similar therapeutic action as branded drugs. Since generic drugs do not need to conduct animal or human trial and no vast amounts are spent on branding and advertisement; thus, their cost is much less than the branded counterparts. One can buy generic medicine online with a variety of generic medicine app 24 hours. Online Pharmacies Online pharmacies or generic medicine apps are the pharmacies on the internet where you can buy generic medicines online with the facility of receiving your medication at your doorstep. It is convenient and fast-medium when you buy generic medicine online. The process to buy generic medicine online is hassle-free as you do not have to wait outside the shop for hours and the payment method is also flexible. You can either pay online or pay to the delivery guy. Added to it, when you buy generic medicine online, you get maximum discounts, unlike the local pharmacy stores. One of the best generic medicine apps in India is Medbuzz, and its goal is the overall well-being of the nation. India has lakhs of online pharmacies that sell branded drugs, but only two to three thousands of them sell generic medicine. Even after government directives and orders to make generic drugs available to the masses, there has not been much improvisation. The only way is the Medical Council of India joining hands with the pharma companies and Medbuzz is planning to take a giant leap. Medbuzz makes the availability of generic medicines to every household. FDA plays an essential role in easing the process of acquiring the license to market and manufacture of branded drugs. 2/3

3. Medbuzz Medbuzz is a one-stop destination for generic medicine app, and they have all types of generic medicines where one can buy generic medicine online. The central nervous system, CNS, chronic medication, eye and eye drops, health conditions, health supplements, injectable, medical devices, OTC, personal care and super speciality. For the central nervous system, they have Alzheimer, anxiety, epilepsy or convulsion, nootropics and neurotrophic, Parkinson, psychosis, schizophrenia and depression. Chronic medicines for asthma and COPD, cardio, diabetes, blood clot, high cholesterol, hypertension and thyroid. Health conditions like allergies, antibodies, antiulcerants, fungal, gynaec, neuropathic pain, ortho, pain management, skin care, supplements and others. They offer about 75 per cent discount for health supplements and 50 per cent discounts for immunity boosters like multivitamins and minerals. You can order and buy generic medicine online at Mebuzz either in their generic medicine app or website. Just upload your prescription and Medbuzz will do the rest. You can even call them and place your order if you want to buy generic medicine online. If you do not have a prescription, they will make a consultation with the available doctors, they have and will provide you with the generic medicines at great discounts even delivering them at your doorstep. The official website of Medbuzz where you can buy generic medicine online is https://www.medbuzz.in/. Their generic medicine app is available at google play store and app store. They have a chatbot wherein you can ask any questions and solve your queries. You have to register yourself, and you are good to go for ordering your generic medicines and also to not worry about burning a hole in your pocket. 3/3