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Generic Drugs Usage In US Can Save $20 Billion – Express Script Surve

taking advantage of the money-saving potential of clinically sound generic drugs, as additional generics come to market and the use of prescription drugs grows, the opportunity to lower healthcare costs becomes even more significant. Best of all, using more generics simply requires better education and awareness of alternatives, not a big-dollar up-front investment and we consider that $20 billion in generic drug savings in just six therapy classes is the same amount America’s community hospitals spend each year on uncompensated care for the uninsured.'

The savings opportunity from increased use of generic drugs has never been greater. More than $50 billion worth of branded drugs will lose patent exclusivity over the next five years. In the next year alone, $11 billion in drug sales are expected to lose patent, with generic alternatives becoming available for at least 15 branded drugs. The largest-selling drug losing exclusivity in 2006 is Zocor, the cholesterol-reducing blockbuster that posted more than $3 billion in U.S. sales in 2004.

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For more information on different drugs search Medindia Medication Manual:

This manual gives you essential prescription information about different drugs. It reveals the why a drug is prescribed, how it should be taken, its side effects, necessary precautions to be taken while taking it, etc. These drugs are listed by their chemical structure and generic names
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TAG: Generic Drugs Usage Can Save Billion Express Script Surve

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