We all know that how much it is difficult for us to allocate money towards our or parents monthly medical expenses. Because a normal BP or Diabetic patient’s monthly medicine bill will be around Rs.1,000 to Rs.2,000. So have you heard about Generic Medicines which are cheaper than what you buy from branded companies but of same content?
What are Generic Medicines?
Generic medicines have the same chemical composition as branded medicines are and sold under the chemical name they contain instead of any particular name to them. For example Paracetemol (content of chemical which is used when you have cold) is a generic medicine where as Crocin is a branded medicine. So obviously Generic Medicines are very cheap than their branded counterparts. But the problem lies in marketing. Branded companies MRP usually includes cost of production+advertising cost+middlemen expenses. So they heavily lure middlemen and doctors to recommend their branded medicines in return providing them higher incentives. Hence most doctors and medical shops prefer to sell branded medicines than these generic medicines.
You may understand the real business structure of branded medicines in India and how companies, middlemen and doctors are playing with your health and money by watching this wonderful TV Episode of Satyameva Jayate programme run by famous actor Amir Khan.
A full details of this episode is available at www.satyamevjayate.in Few can afford easily but what about poor or whose monthly medicine expenses are so high? Either they need to borrow money to survive or they can live without medicine.
Below are the list of sites where you can find the Generic Medicine name with respect to branded medicines.
Hope the above list will be helpful to you identifying the right Generic Medicine and saving your money. But at the same time try to consult your doctor before proceeding further.