Generic Medications vs. Brand Names
When it comes to your health and the treatment options you have to choose from, customers want the highest quality for the most affordable price. The same is true for any medications they must take. Both generic and brand-name medications are strictly monitored when it comes to quality, side effects, effectiveness, and price. The FDA sets the standards by which all medications and medical treatments must adhere to. When generics are produced, they must also meet or exceed these strict standards.
What Does the Term Generic Mean?
Generic is the term used for medications made from the same “recipe” as a brand-name drug. They have the same active ingredient and are used in the exact same way. The inactive ingredients do not need to be the same as long as it doesn’t affect the medication’s performance. Generic drugs may only be sold to patients after the original patent received by the branded manufacturer expires. This allows them to recover some of the costs associated with research and development.
Is There Any Difference Between Generic and Brand Name Medications?
Generic medications have two primary differences. The inactive ingredients may be different than what was used in the brand-name medication. This can include flavorings, preservatives, fillers, or colorings. The second difference is the cost. Because a generic manufacturer does not have the huge costs and expenses associated with developing and testing the medication, they can offer their version of the medication for a much lower price than the brand name. Drug patents are good for 20 years after the formula is finalized, but with testing and monitoring taking up to ten years, the patent time is basically cut in half.
What Are Common Similarities?
In order for a generic medication to be sold, it must meet or exceed the FDA’s strict standards. This means that the generic medication must contain the same active ingredients as the brand name. It must also offer the exact same dosage and strength as the brand name. The stability, quality, safety, and potential side effects must also be the same. In basic terms, the generic must be the bioequivalent of the brand name in every way with less than a 3.5% difference in its absorption rate.
Do Generics Have to Meet the Same Quality Standards?
Generic medications are required by law to meet the same strict standards as brand-name drugs. This means they fall under the supervision and control of the Food & Drug Administration. All the same rules and regulations must be followed and inspections are performed regularly to ensure quality standards are maintained. Many generic medications are made in the same facilities as their brand-name counterparts. Slight changes may be made to the medications’ appearance and packaging, but are otherwise the same in every way.
Why Is There Such a Price Difference Between Generics and Name Brands?
When you start to compare prices between generic and name-brand medications, the first thing that many people notice is the substantial price reduction. In some cases, it can be as much as an 80 to 85% price cut. One of the main reasons for the huge price difference is that generic drug manufacturers didn’t have to pay all the expenses associated with researching and formulating the medication. This took several years and millions of dollars. By forcing the generic companies to wait until after the original patent expires, the brand name manufacturers are able to recover some of that money.
There Are Different Ways to Save Money on Your Prescription Medications
Even if you buy generic brands, the skyrocketing costs of most medications can still make them quite expensive. You can save money in a variety of ways if you request a 90-day supply from your pharmacy or place your order online and receive it in the mail. If you have health insurance or a prescription drug plan, make sure your pharmacy is in your network. You also have the option to enroll in a prescription drug discount program. Many non-profit organizations can also provide some assistance when paying for specific types of medications. If you live on a fixed or reduced income or have a disability, pharmaceutical companies may offer a sponsor assistance program that will allow their customers to get their medications at a highly discounted rate.
When it comes to the price of prescription medications, affording them can be a challenge. It’s important to remember that not taking your medications as prescribed can be dangerous. Never cut or damage your pills and never skip a dose. Before you stop taking any medication, talk to your doctor first. They may be able to help you get the medication you need.
If you’re looking for an affordable ED medication, try generic Cialis. It features all the same ingredients at a lower cost. Using a generic medication is much more affordable than the more expensive brand names. You get the same quality and results without breaking your budget. Buying generics ensures you always have the medications you need so you never miss a dose.
Most physicians will ask you if you prefer a generic or brand name when they are writing your prescription. If they don’t talk to your pharmacist and see if a generic form of your medication is available. In most cases, you may have one or more options to choose from. Always ask your pharmacist any questions you may have about your prescription medications!