Medicine this term is most important because it may save life and take life also if you misuse it.
But now a day medicine were coming so costly that below poverty or middle level family can not afford. So that our Prime Minister Narendra Modi has self said that now medicine will be available at very low cost so that all level of family can afford it.
The Medical Council of India had directed doctors of all the hospitals to prescribe generic medicines to patients instead of the branded ones to make healthcare more affordable to the people.
A generic drug is a chemically equivalent, lower-cost version of a brand-name drug, costing 30-80% less! A brand-name drug and its generic version must have the same active ingredient, dosage, safety, strength, usage directions, quality, performance and intended use.
Now the questions come in mind that overall Generic Medicine have low cost are generic drugs as safe as brand-name drugs?
Yes. Generic and brand-name drugs must meet the exact same standards for effectiveness, safety and quality.
If generic drugs are just as good as brand-name drugs, why do generics cost less?
When a company develops a new drug and submits it for FDA approval, a 20-year patent is issued, preventing other companies from selling the drug during the life of the patent.
As a drug patent nears expiration, any drug manufacturer can apply to the FDA to sell its generic version. Because these manufacturers didn’t have the same development costs
You can use generics with confidence. Although they may look different from their brand-name versions, generics are safe and effective.