Learn how to ensure that your health plan – NOT your PBM – benefits from your employees’ generic drug use. This video will explain a) how numerous PBMs are retaining a large portion of the financial benefits resulting from generic drug use; b) how most PBMs manipulate their contracts with clients to do so; and c) what your health plan must do to ensure it obtains 100% of generic drug savings. Save your corporation or union or govt health plan large sums of money by following the basic steps outlined in this video. Our consulting firm has saved our clients millions of dollars in the past year alone using the strategies described. Presenter: Linda Cahn, Esq., President of Pharmacy Benefit Consultants
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Do you use generic drugs? Are they safe? Can they save you money? Tim Colligan, Director of Pharmacy at Optima Health, shares his insights into the value of using generic drugs.

The truth behind Generic Drugs.

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Question by pzb531: Does anyone know if there is a generic version of the opiate dependance drug “Suboxone”?

Best answer:

Answer by dragfanbob
try methadone

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According to the Kaiser Family Foundation, retail prescription prices increased from an average of .67 in 1994 to .26 in 2006. That’s almost triple the annual inflation rate. For many people, an increase in prices means an increased use of generic medications. icyou’s Rebecca Fox helps answer questions about the differences between the options. For more health related videos, please visit www.icyou.com
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Dr. Krobot talks about the tests generic drugs must pass to be approved by the FDA. www.unmc.edu/askunmc

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The History of Generic Drugs

The history and the story of generic drugs is very long. But as a layman, all we need to understand clearly is that these generic drugs are nothing but “general drugs” or you can say cheap representation of original drugs. Basically to make a drug requires years of research in the laboratory first and then once prepared the drug has to undergo many clinical and market tests. All in all to put it the entire point from the point of view of consumer, the process of drug making is not only hugely time consuming but also very – very expensive.

Before these drugs are launched in the market, they need to have a patent. There after they are presented before the market for sale. The problem with these drugs is that they are exorbitantly priced for the company has to make for all the investments it did for the drug. It is at this juncture that the Generic drugs come to the seen.

Generic drugs do not have patent protection and that makes the generic drugs cheaper because they don’t have to waste time and money in patenting process. Generic drugs though maintain the original formula and active ingredients of the originally researched drug. Generic drugs just take a short cut to patenting process and the research process and these two factors make all the difference in the cost of the generic drug.

For the consumer, generic drugs are a boon. Economically weaker section of society that also includes a large percentage of older population is hugely benefited by the generic drugs. These generic drugs have the same composition yet are much cheaper than the original drugs. Being affordably priced these generic drugs can be easily purchased by the economically weaker section of society who would have otherwise ailed through the illness due to costly drugs.

Generic drugs are identical to the original drug in all aspects, be it dose, strength or effect. Generic drugs have a hugely competitive market and this in turn is beneficial for the consumers in the form of reduced prices. Generic drugs are the bio equivalent version of original drug. This simply means that they are identical in composition and formulation to original drug. Generic drugs are not much different than the brand named drug, except actually the brand name. In fact generic drugs are much more common and widely used.

Generic drugs are a boon in disguise, both for the consumer and the

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