Q: Are generic versions of drugs really just as good (and safe) as their brand-name counterparts?
A: Yes, for many reasons. Today, almost half of all prescriptions in the United States are filled with generic drugs. They are less expensive and often require a lower co-pay if you have insurance, which could mean big cost savings for you. Generic drug manufacturers don’t have the initial investment costs associated with development of a new drug. Original manufacturers are given a patent for their drug to protect their investment, including research, development, and marketing costs. A generic drug is not available until that patent expires, about 20 years after the patent is received. Once a generic version is available, competition helps keep costs down even more.
Q: What should I expect to be told about any newly prescribed medication?
A: When it comes to medication, what you don’t know can definitely hurt you. Almost half of all Americans regularly take at least one prescription drug, and half of older patients take three or more, according to a report released in by the National Center on Health Statistics. But doctors don’t always communicate critical information about the drugs they prescribe. And prescription drug misuse is a growing problem,...
What about effectiveness? For the most part, they are just as good as brand-name drugs. Generics have the same active ingredients; in fact, the FDA requires that generics be as strong as brand-name drugs and work just as quickly. They also carry the same risk of side effects. This means that, even though the shape and size of a generic pill may differ from the brand-name pill you’re used to, it should work the same in the body.