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While generic drugs have been proved effective and are regulated by the Food and Drug Administration, some Americans still prefer brand-name versions. In a recent survey conducted by the pharmacy benefits manager Prescription Solutions, more than one-quarter of respondents said that generic drugs have different effects from their brand-name counterparts or were unsure of the efficacy of generics. 
"There's no convincing evidence that we should be avoiding generics," says Dr. William Shrank, an assistant professor at Harvard Medical School, has evaluated studies on substituting brand-name drugs with generics. In December 2008, he and six other co-authors published an article in the Journal of the American Medical Association concluding that there is no evidence supporting the claim that brand-name cardiovascular drugs are superior to generic ones. 
The first step is to ask your physician or pharmacist if your prescriptions are available as generics. These health care providers are often rushed, so don't rely on them to initiate the conversation. Your health care plan and its prescription formulary will offer guidance on what discounts the insurer receives for generic drugs. 
The difference between generic and brand-name drugs can be substantial. 
For patients on medication to control chronic conditions, generics can be even cheaper when ordered through the mail. Jacqueline B. Kosecoff, CEO of the pharmacy benefits company Prescription Solutions, says that mail-order prescriptions are less expensive since they don't include the overhead of running a pharmacy. They also have less of an error rate than those filled in pharmacies. 
Source - Forbes |
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