Prescription Drug Generic Brands Can Save Money
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Using Prescription Drug Generic Brands can save a great deal of money even over the short term. These generics use the same active ingredients as name brands and similar doses. The only real difference in generics is that they don’t carry the name of the manufacturer. Name brand drugs carry patents that forbid replicating them for a certain period of time, perhaps as long as 20 years. After this patent expires, other companies can manufacture the same (or similar) drug under a generic label. This means that the pharmacies are able to negotiate prices, something which cannot be done with name brand drugs. In essence, the creation of generic brands equals discount prescriptions.
Generic Prescription Drug Savings
It may not seem obvious why generic drugs are less expensive than brand name drugs. For one, the companies manufacturing generic brands have much less in the way of overheads, meaning that they do not have to pay for the same type of advertising as the brand name. Most of the expense, however, comes from research and development of new drugs. The manufacturers of generic drugs do not have to invest in R&D and therefore are saving millions (if not billions) and can pass those savings along to the customer.
It is always important to get the correct information about prescription drugs, whether they are brand name or generic. Some generics are the same as the brand name while others might vary slightly.
While brand name drugs are best for some, it may be wise to ask a doctor about Prescription Drug Generic brand usage to see if they are a good fit.
