Papers > Science > Generic Drug Prices Make Costs Easier to Swallow
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Generic Drug Prices Make Costs Easier to Swallow
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“Why spend up to $30 a month for a brand-name arthritis drug when you could pay only $5 by taking the generic version instead?” This is a common question asked by many patients with big drug bills. Linda Marsa, the author of, “The Price We Pay,” believes this is due to the marketing efforts of brand name drug companies. ... Costs of prescription drugs have grown four times faster than the rate of inflation. ... One study conducted found that a ten percent increase in generic drug use in the United States would cut drug costs by more than $11 billion annually.
Many people view generic drugs as inferior to brand-name drugs. Even though over 70 percent of prescription drugs have generic matches, these drugs are only used 40 percent of the time. Many people believe, “if something costs less, it can’t be as good.” Generic drugs have the same active ingredients as name brand drugs. Drug companies use their ad claims to introduce newer, more expensive drugs to the market.
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Paper Information
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Title: Generic Drug Prices Make Costs Easier to Swallow
Words: 808
Rating: None
Pages: 3.2
submitted by: TomNott
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