Recently, generic drugs have become extremely popular.
According to the FDA, over 44% of prescriptions filled in the United States are for generic medications. However, with the popularity comes confusion. In this Work.com guide, we'll discuss several commonly asked questions about generic prescription drugs.
What is a generic drug? A generic drug is basically a copy-cat version of a brand name drug. Generic drugs are allowed to be manufactured only after the innovator drug firm's right to sell it exclusively has expired.
Why are generic drugs so much cheaper? Generic drugs are less expensive because the manufacturer does not have to invest in research and clinical trials. This work has already been done by the drug company who invented the drug. The savings is passed on to the customer.
Is generic medicine safe? Generic drugs are equally as safe as their brand name counterparts, because they contain the exact same active ingredients. However, they are also prone to the same side-effects as brand name medications. The only reason a generic medicine would not be safe is if you're taking it without knowing the side-effects. Be sure to consult your doctor when changing any medication regiment.
How can I get a generic substitution? Be sure to ask your pharmacist about a generic drug substitution, even if your doctor prescribes the name brand.
How can I save money on Generic Drugs? Generic medicines are cheaper, but they can still be pricey.
Medicine discount card programs, such as MedSaverCard, RxFreeCard, or TrueRxSavings, can save you a significant amount on generic drugs that are not covered by your health insurance , or if you have no insurance at all.
Tips & Tactics
Helpful advice for making the most of this Guide
- Most importantly, don't make any major changes to your medications without consulting your primary physician.