Generic drugs

Pay LESS than Your $10 Co-pay for Many Generic Medications!

05 Nov: Pay LESS than Your $10 Co-pay for Many Generic Medications!

  There is an illusion out there that we all subscribe to that insurance saves us money on all of our medication costs. This is NOT the truth. Approximately 20% of Americans take at least five prescription medications per day. In addition, as much as 86% of all prescriptions filled in the U.S. are for generic medications and dozens of these drugs can be bought for less than the insurance co-pay that most people pay. WRAL News Investigates recently aired a segment in which Renee Chou reported on how many pharmacies are charging the $10 co-pay even when generic medications cost less. Are You Getting Ripped Off? If your monthly co-pay is $10, then that seems reasonable. After all, $10…

23 Apr: The Hidden Cost of Free Prescription Drug Samples

Regardless of where you are purchasing your prescription drugs, your prescription journey begins in your doctor’s office.  It is not uncommon for your doctor to provide you with free prescription drug samples when he or she is ready to start you on a new medication.  However, while the drug sample may be free, it might cost you more in the long run.  Pharmaceutical companies spend billions every year on distributing free drug samples to doctors across the U.S.  This is a good way to introduce these physicians to a new type of medication and it is also a good way to get patients to purchase these medications right from the start. No Generic Free Samples The free drug samples that doctors…

Brand Name vs Generic Drugs: Which Is Better?

15 Apr: Brand Name vs Generic Drugs: Which Is Better?

Is it worth paying more for the name brand?  That’s a question people are always asking themselves.  Should I buy the name brand toilet paper or is a no-name brand just fine?  There are times when spending more on the name brand means you will receive a higher quality product.  There are also times when it doesn’t matter one way or the other.  After all, a plain white cotton t-shirt is a plain white cotton t-shirt, right?  So where do prescription and over-the-counter medications fall into this brand name vs generic drugs debate?  Fortunately, you will get the same quality in a generic version of a medication as you get with the brand name. Rigorous Testing Prescription and over-the-counter drugs…

26 Oct: Save money on popular meds as they go generic in 2010

We’re nearing the end of the year, and many people are already in open enrollment for next year’s health coverage, which means it is a great time to plan ahead for your 2010 drug expenditures. No, you can’t know every medication you are going to need, but if you are on a popular, patented maintenance drug such as Lipitor or Cozaar, you’ll be pleased to hear that their patents are expiring in 2010, opening the field for more-affordable U.S. generic versions. In the meantime, as you do your research, you will see that many are already available as generics, manufactured outside of the U.S. There is usually a considerable cost savings. Here are all the details of some of the…

12 Feb: Harris Teeter joins generic drug discounters

Harris Teeter, the North Carolina-based supermarket chain with 177 stores in the southeastern United States, has matched discount price programs at Wal-Mart, CVS, Target, Walgreens and Kroger, announcing that it is now offering customers a 90-day supply of over 300 generic drugs for $9.99. Customers must purchase a $5 drug savings card, good for one year, to take advantage of the discount. The plan doesn’t apply to prescriptions covered by insurance. We welcome the continuing trend toward low-cost generics. It’s good to see some real price competition over prescription drugs, something that was sorely lacking before Wal-Mart announced its $4 generic drug program. Unfortunately, the millions of Americans who are struggling to pay their prescription drug bills each month know…

23 Jun: What’s the difference between brand-name and generic drugs?

In the United States, we’re trained virtually from birth to value brand names — in fact, often to overvalue them. Did you know, for example, that when large corporations buy one another, they often have to pay millions — or even billions — of dollars for something accountants call “intangible assets”? One of these assets — called “goodwill” — can be thought of as the value of the brand. It reflects the profits a company makes over and above what you’d expect from the tangible assets alone, simply because of its reputation. Big pharmaceutical companies want you to buy into the value of brands when purchasing prescription medications — so you’ll pay more for them. That’s one of the reasons…