Friday, 11 November 2005
Consumers Lose Out By Passing Up On Generic Prescriptions
Haven’t considered generic prescription drugs before? Neither have a lot of Americans – and it’s costing them.
If more people had selected generic prescription drugs over their brand-name alternatives in 2004, the U.S. could have saved over $20 billion.
A new report issued by Express Scripts reveals American consumers are still opting for pricier name-brand drugs over cheaper generics in the face of significant savings– pointing to a consumer education problem.
The greatest savings for consumers, employers and state governments lie in gastrointestinal drugs. Just by purchasing the generic versions, more than $5 billion could be saved each year.
If you’re looking to save money on your prescription bills, purchasing generic drugs is a great way to start. Generics are not only FDA approved, they have a lower co-pay and are typically just as effective as brand-name drugs.
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