Cost comparison of different brands of the same generic name for drugs used in day

Abstract

Cost-Effectiveness Analysis (CEA) is a method of examining both the etiology and the health consequence of one or more interventions. It compares one intervention to another by calculating the cost of gaining a unit of a health outcome, such as a life year gained or a death avoided. It is calculated by dividing the total cost of the intervention or medicine by the number of outcome units. This study aimed to determine the cost comparison of different brands of the same generic name for drugs used in day-to-day life. To evaluate the price difference in different brands with same generic drug Collecting the Maximum Retail Price (MRP) of five different drugs namely Metformin, Folic acid, Atorvastatin, Ondansetron and Azithromycin. Cost comparing of different types of brands of same generic name. Calculate the cost effectiveness of each drug using Microsoft excel. Conclusion: In our study cost effective analysis of five different generic drugs with each different brand name, we found that folic acid [FOLCI (5.6)] is more cost effective with lowest MRP as compared with the other entire drug involved in this study