Generic Drugs: How They Cost You Less?

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If you are wondering why the chemist has charged much less than what you expected then it is not because he has developed sudden liking for you or the government decided to subsidized your medical bill.

It is possible because you are getting cheaper generic alternative of some expensive brand name medication. Still there are certain issues that need to be taken care of. Are generic drugs as safe as brand name drugs or why it is less expensive?

A generic drug is essentially an imitation of its brand name twin. Both should be bioequivalent in terms of pharmacokinetic and pharmacodynamic properties. Generic drugs must have the same active ingredients as the name brand, but the inactive ingredients could be different. Inactive ingredients may include colors, preservatives, or other fillers. However, just because a generic has the same inactive ingredients it is not

automatically considered a generic equivalent.

Certainly Generic drug makes lazy. You don’t stretch enough to reach the bottom of your pocket because it cost 25% to 60% less then its brand name counterpart. Generic drugs produced by smaller companies which don’t spend enough on research and development. Pfizer spend a fortune in R&D to create Viagra- wonder drug to treat men erectile dysfunction.

Now its much cheaper version like Kamagra and Cialis are available which effectively wipe out the necessity to control libido.

Physician and medical expert agree that generic medicines can be expected to have the same therapeutic effect as brand-name drugs. Therefore, it makes sense to choose cheaper generics and rely on its credentials.
Tody parker is freelance wrighter specialized in men’s health issue.

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Generic Drug: Its Pros and Cons

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A generic drug can be defined as an identical, or bioequivalent to a brand name drug in its dosage form, safety, strength, route of administration, quality, performance characteristics and intended use. Although generic drugs are chemically identical to their branded counterparts, they are typically sold at substantial discounts from the branded price. The difference between a branded and a generic one is only in its name and price. A generic drug is called by its chemical name whereas a manufacturer assigns a brand name.

According to standard practice and most state laws, a generic drug has to be generically equivalent to its brand-name counterpart. That is, it must have the same active ingredients, strength, and dosage form—pill, liquid, or injection. The generic drug also must be therapeutically equivalent—it must’ve the same chemical components and medical effect.

Generic Drug, a Medical Boon

• Generic drug can provide real value for money. It usually costs 30-75 percent less than its branded counterpart.

• It’s a safe and effective alternative to its branded counterpart.

• It’s identical in strength, dosage form, and route of administration.

• It adheres to the same batch requirements for identity, strength, purity, and quality.

• It helps in the continuation of treatment of terminally ill and agile patients.

• It lowers the cost of health care while giving the same result as a branded drug.

• Strict FDA approval restrictions ensure the authenticity of such drugs.

Negative Consequences of Generic Drug

• Differences in bioavailability or intrasubject variability can result in overdose.

• If consumed without medical supervision, it can be hazardous.

• Switch over of drugs from generic to brand cannot be smooth all the time especially in case of critically ill patients.

• Though pocket savvy, it’s still an alternative, hence the second choice of buyers.

• Bioavailability of a critical-dose drug may vary substantially and it can result in medical complications.

This news release is entirely a personal opinion. It should not be misconstrued as a medical advice.

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How to Reduce the High Cost of Prescription Drugs

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It is a shame to think that some people go without food to buy prescription drugs or go without their medication because the cost is too high. However, there are some ways you can significantly reduce the cost of prescription drugs.

One way to reduce the cost of prescription drugs is to buy generic. That is to buy non-brand name copies of the same drug. Generic drugs cost up to 80% less than the brand name versions, which is an excellent savings.

The other way to reduce the cost of prescription drugs is to enter a discount prescription program. There is a pharmaceutical healthcare organization that offers a free discount prescription card where you can save you up to 60% on the cost of your drugs. It can take up to 14 years for a patent to expire on a new drug and its generic version becomes available. So this is a good way to save money on drugs if they have not gone generic yet.

The biggest savings of all can be found when a generic drug is purchased in conjunction with a prescription discount card. This would be the way I would recommend buying your drugs if it all possible. Usually, you can find a generic drug that can replace a new drug on the market. The new drugs often only have one ingredient different in them from the original versions anyway and surprisingly don’t always work as well as an older version.

One pharmaceutical healthcare organization that provides the free prescription discount card has over 45,000 pharmacies involved in its program now. They include well-known places like Wal-Mart, K-Mart and Target. This is a real boost for consumers. The card is available to anyone, all they have to do is present their free prescription card at a participating pharmacy and the discount is automatically taken from the cost of their purchase.

So there is no need to despair over the high cost of prescription drugs any longer. There is a way to save on the cost of both generic and non-generic drugs by using a discount prescription drug card.
To find out more about obtaining a free prescription card online go to: http://www.top5offers.com/discountdrugs.html

Name Brand Or Generic: Which Medication Is Right For You?

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Although generic alternatives to brand names have been around for more than thirty years, there are still many common misconceptions about whether to purchase the name brand drug or the cheaper generic alternative. Before you decide which route is for you, here is some information that you should take into consideration.

One common misconception is that generics are less potent or effective as there brand name counterpart. The FDA decrees that all generic drugs must be the exact bioequivalent of the original drug. This means that the generic must meet the same criteria in the categories of potency and dosage, so that taking the generic drug will be as effective as the name brand. Even though the brand name and the generic must have the same main components that does not mean that they are identical. The active ingredients may be the same, but the filler content may be different. Although it is not common, you may react differently to a brand name drug than you do to a generic or vice versa. Also, since generic drugs are not thought of as new drugs they are not required to hold safety tests or studies on the drug before it is released on the market.

Even though there may not be a difference in the effectiveness of a brand name drug versus a generic, more often than not there is a price difference. Almost always the generic alternative will be cheaper than the brand name, but that doesn’t mean it will be the cheapest for you. Before choosing a brand name or generic drug there are a couple of factors that will play into how much you will end up paying.

• Insurance- Check to see which drugs your insurance (if you have it) will cover. If the first drug you pick whether it is brand name or alternative is not covered by your insurance, sometimes the other version is.

• Medicare or Medicaid- If you have Medicare or Medicaid, the drugs you have to choose from are very specific to the condition you have. If the drug you need isn’t on the list they offer, you may have to pay a higher portion of the co-pay or pay for the entire cost yourself. If this is the case generics will definitely be a cheaper route.

Whether you decide to go with a brand name or a generic one thing is for sure, you can be prescribed the best drug in the world but if you can’t find it or afford it, it won’t do you any good. If you need to find your prescriptions at lower costs look on the internet. There are great websites like epharmacies.com that will find you the cheapest price on your medications from the most reliable pharmacies. Visit this Consumer Advocacy website for more information on ordering online prescriptions.
Joshua Daly is a expert in the pharmaceutical resource and search industry. For more related articles, visit our blog: Insider Guide to Online Prescriptions.

Big Savings with Generic Drugs

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Throughout the world, people are spending over $550 billion on pharmaceuticals. In the United States, we are spending over $250 billion on medication. Despite having a fraction of the world’s population, the US is purchasing nearly half of all prescription and non-prescription drugs.

Generic medications now account for 60% of all medication that are dispensed. While prescription dispensing overall increased 5% in 2005, the generic dispensing growth has jumped 21%. The share in the dollar market is significantly lower for generics because the cost is much less then the brand name drugs. Many generics are priced up to 80% less than the equivalent brand name medications. The reason is competition. A brand name drug has no competitors and the manufacturer can therefore set the highest price that the market can bear.

The future for generic medications is looking bright. In 2005, eight of the top ten new pharmaceuticals were generics. This will benefit the aging population since generic drugs are much cheaper than name brand medication. In the next five years, nearly all of the top selling medications will lose their patent and will therefore become available in generic form.

The new Medicare Part D is helping to bolster this upward trend towards generics. The plan has a strong push for generic utilization.

Ask any pharmacist and he or she will tell you that the less expensive generics will work just as the expensive brand name drug. The Food and Drug Administration must approve all pharmaceuticals before they are introduced into the marketplace. The generic manufacturer must prove, through extensive testing, that their generic product will produce the same effect as the name brand.
Dr. West Conner is the author of the incredibly popular workbook “How To Save Money On Your Prescription Drugs” and the audio CD “Are You Spending Too Much On Your Prescriptions?” He is currently active in assisting clients who are having difficulty affording their prescription drugs. Through his many years of practice, Dr. Conner has developed a number of unique and creative ways to lower prescription costs. Visit http://www.rxcostcutters.com for more details.


Disclaimer:

This information has been taken from official sources, but we cannot guarantee it's accuracy. Please use this site for educational purposes only. This site does not replace a proper discussion with your doctor.