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NewsI Have a Health Plan with Drug Coverage. Can I Still Save on Generic Drugs?
Yes. Most health plans with drug coverage pay for medications based on a drug formulary. A drug formulary is a list of preferred prescription drugs, both generic and brand name. Each time you have a prescription filled you are responsible for copay, which is your share of the
I Have a Health Plan with Drug Coverage. Can I Still Save on Generic Drugs?... Why are generic drugs less expensive than brand name drugs?
According to the Pharmaceutical Research and Manufacturers of America, it takes more than seven years to bring a new drug to market and costs more than $800 million. Since generic drug companies do not have to develop a medication from scratch, it costs significantly less to bring the
Why are generic drugs less expensive than brand name drugs?... Ignore drug advertising!
Pharmaceutical companies spend millions of dollars each year to advertise their new medications in magazines and on television. This direct-to-consumer advertising has helped increase sales of expensive medications as many people see the ads and ask their doctor for the medication. Often, older and less expensive medications are
Ignore drug advertising!...
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