Drug Prices Continue to Rise continued...
And more and more people are doing just that. Just over two decades ago, generics made up just 20% of the prescription drug market. Today, the figure is closer to 70%.
Another AARP investigation found that a patient paying for three brand-name prescription drugs could save an average of $500 annually by switching to generics.
AARP is also pushing for changes in the law to allow generic versions of biologic drugs like Humira, which are increasingly used to slow the progression of diseases like rheumatoid arthritis and multiple sclerosis.
Certner says some of the drugs cost as much as $10,000 a month.
"This could dramatically lower the cost of a group of very expensive drugs that are growing in use," he says.