Thursday, February 6, 2014

End of monopoly & restrictive trade practices at Private Hospitals

1. Generic medicines/ Branded Generics are not necessarily cheaper than Branded medicines!
Generics/ Brand Generics pass on close to 800% margin to the retailer, while the price may be just cheaper by 40% (click here for info) or check table:

In some corporate hospitals price of the Brand Generic can be higher than Branded medicines as brand generic suppliers can stamp the MRP dictated by the administrators! 

Example: Injection Meropenem: Meromac -branded MRP is Rs 871, Merofit- Brand Generic: Rs 2494. The hospital supply rate for both are around Rs 750. 

2. No pharmacist can substitute a Brand Generic medicine, without doctors prescription/ permission. (Reference: Rule 65 of the Drugs and Cosmetics Act, 1940 and Rules 1945, amended till 1995)
3. Debate required on : whether a hospital can insist on medicines to bought in its own pharmacy, where choices are limited, and drugs from non FDA listed drug companies.
4. Remember: you have placed your trust with your DOCTOR. He knows what is the best for you. It is well within your right, to expect "no substitution" and choice of medicines at a pharmacy. Restrictive trade practices have been banned in India! (through MRTP Act, 1969)

While even your cooking salt is branded, why settle for an unbranded life saving medicine?

No comments: