Generic Drugs: Saving Money at the Pharmacy |
Prescription drugs can be a costly medical expense, especially for
older people and those who are chronically ill. However, each state has a law that lets
pharmacists substitute less expensive generic drugs for many brand-name products.
Depending on your prescription needs, your savings could be significant. Before you talk
with your doctor or pharmacist about switching, there are things you need to know about
generic drugs and the law.
Whats the difference
between a generic and brand-name drug?
Not much, except for name and price. A generic drug is
called by its chemcical name; a manufacturer assigns a brand name. The products have the
same ingredients.
Standard practice and most state laws require that
a generic drug be generically equivalent to its brand-name counterpart. That is, it
must have the same active ingredients, strength, and dosage formpill, liquid, or
injection. The generic drug also must be therapeutically equivalentit must be
the same chemically and have the same medical effect.
Do all drugs have generic
equivalents?
No. Some drugs are protected by patents and are
supplied by only one company. However, when the patent expires, other manufacturers can
produce its generic version. Currently, about half the drugs on the market are available
in generic form.
How can I get generic drugs?
Talk with your doctor or pharmacist. Explain that you
want the most effective drug at the best price. Ask your doctor to write prescriptions for
generic drugs when possible.
Are there exceptions to the law?
Yes. If your doctor writes on the prescription form
that a specific brand-name drug is required, your pharmacist must fill the prescription as
written. That is, a generic drug cannot be substituted.
However, your pharmacist can talk with your doctor
about the prescription. Perhaps theres an acceptable generic drug that your doctor
is not aware of. Your pharmacist can compare and evaluate generic and brand-name drugs and
may be able to consult with your doctor to provide the right medication at the best
possible price.
Will my doctor automatically
prescribe generic drugs?
It depends on the physician. You can ask your doctor to write
a prescription permitting substitution of a generic drug product when appropriate. You
also can ask whether a generic product will be as effective and less costly. Or, you can
request that only brand-name products be used to fill your prescriptions.
Where can
I get more information?
The Food and Drug Admininstration has a toll-free
hotline to answer questions about drug safety and efficacy. Call 1-800-532-4440. You also
can visit the FDA at www.fda.govclick on Human Drugs.
The FTC works for the consumer to
prevent fraudulent, deceptive and unfair business practices in the
marketplace and to provide information to help consumers spot, stop and
avoid them. To file a
complaint or to get free information
on consumer issues, visit
www.ftc.gov or
call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The
FTC enters Internet, telemarketing, identity theft and other fraud-related
complaints into
Consumer Sentinel, a
secure, online database available to hundreds of civil and criminal law
enforcement agencies in the U.S. and abroad.
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FEDERAL TRADE COMMISSION |
FOR THE CONSUMER |
1-877-FTC-HELP |
www.ftc.gov |
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May 1998 |