There are basically 2 kind of generic drugs . Class A in which the active ingredient is the same as the name brand and class B in which the active ingredient is different but has the same biological effect as the ingredient in the brand name. The active ingredient in Synthroid is the same as levothyroxine.
A 'drug formulary' is just a list of drugs.. Formularies are created by pharmacy benefit management(PBMs) providers. These PBMs are middlemen between your insurance provider and the pharmacies and pharmaceutical companies. Their function is to minimise the drug costs to the health care provider.
Formularies are created based on the PBMs ability to leverage their purchasing power to force the pharmaceutical companies to give them the best prices on drugs.,.. One of the tools they use is formularies specifically crafted to maximuze the use of a particular manufacturers products so that the manufacturers get to sell more of there products in exchange for lower prices on specific drugs.
The demonization of brand name drugs is a nothing more than a sales tactic to reduce opposition to generics.... This tactic is used to counter the advertising that brand name drugs benefit from in the minds of consumers.
15 years in the PBM industry ...if there's a hell.,. I've earned a special place there.
Generics and formulary
A 'drug formulary' is just a list of drugs.. Formularies are created by pharmacy benefit management(PBMs) providers. These PBMs are middlemen between your insurance provider and the pharmacies and pharmaceutical companies. Their function is to minimise the drug costs to the health care provider.
Formularies are created based on the PBMs ability to leverage their purchasing power to force the pharmaceutical companies to give them the best prices on drugs.,.. One of the tools they use is formularies specifically crafted to maximuze the use of a particular manufacturers products so that the manufacturers get to sell more of there products in exchange for lower prices on specific drugs.
The demonization of brand name drugs is a nothing more than a sales tactic to reduce opposition to generics.... This tactic is used to counter the advertising that brand name drugs benefit from in the minds of consumers.
15 years in the PBM industry ...if there's a hell.,. I've earned a special place there.