Generic Drugs and Health Care Savings

The sales of generic drugs are growing with each passing day. A rush of new generic drugs will be storming the pharmaceutical market in 2006 for the benefit of common men. During the next three years, brand-name drugs, whose sales total $10 billion to $12 billion, will become available as generics due to the mounting popularity of generic drugs as compared to branded one.

The potential savings from generic drugs are very impressive. According to the Excellus report, if all upstate New York counties fill prescriptions with generics at the rates of the best counties in the region then more than $880 million would be saved in this regard. It