Abstract

Healthcare cost is one of the major obstacles for healthcare providers. One of the major components of this increased cost of healthcare related expenses is cost of Medicines. Medicines consume major chunk of total money spent on healthcare. Penetration of health insurance is very negligible in our country. Majority of patients have to bear cost of healthcare services on their own. News report published in times of India states that in India 78 % patients spent money on health services out of pocket and among these 72 % is for medicines. It further states that residents of smaller states have to spend out of pocket money up to 87 % for health care services. While in larger states this proportion goes up to 74 %.

Key words: Generics Drugs; Prescription; Brand Names