Hanningfield Pages

Thursday, 31 December 2009

Use of generic medicines plans to save money..

The proposals of an increase to make generic medicines in primary care cheaper have been set out of England.

Generic Medicines are less cost effective than a branded equivalent and the Department of health is keen to use them.

Many suggestions contain establishing a list of products for replacement and another list of items that would be excused.

The proposals will be made known for public consultation over the next 3 months. The NHS spends around £9bn a year on branded prescription medicines in the UK.

A 5 year voluntary agreement negotiated between government and the pharmaceutical industry last year, includes measures aimed at reducing NHS expenses on branded medicines by an average of 5% a year over the lifetime of the plan.

Generic medicines - which have to include the same active ingredient as the branded originals, and can be sold once the originator’s patent protection has expired - can save substantial costs.

Currently, around 83% of prescriptions issued by the NHS are for generic drugs, but ministers want this to rise by around 5%.