Ireland's Health System Wasting Money on Medicines, Says Industry Group

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Healthcare News

Ireland,Health System,Medicines

According to Medicines for Ireland, Ireland's health system is hindering access to generic drugs, resulting in wasted money on medicines. The group emphasizes the potential savings and improved patient care that can be achieved through increased use of generic, biosimilar, and value-added medicines.

Ireland’s health system is wasting money on medicines by hindering access to generic drugs, according to an industry group. Photograph: iStock

“This year, the Department of Health has projected that almost €3 billion will be spent on medicines, representing nearly €1 in every €8 spent by the State on healthcare,” said Paul Neill, chairman of the group which represents the interests of generic drug producers in Ireland. Mr Neill said several factors contributed to Ireland’s “lag” in the area. These include the low price at which generics are permitted to enter the Irish market in competition with branded products which have lost their patent protection and pricing structures designed only to lower prices further thereafter.

 

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