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Generic Drugs May Save You Money | Brand vs. Generic Costs | Why Brand Name Drugs Are Expensive | Facts About Generics | What CareFirst is Doing to Control Drug Costs

Generic Drugs May Save You Money

Generic drugs offer the same effectiveness at about one third of the price of brand-name drugs Click to few generic drug-related frequently asked questions As the cost of medical care, including drugs, continues to grow, many members are looking for ways to save money on health care costs. In 2005, consumers spent $229.5 billion on brand name drugs. By using generic drugs instead of brand name drugs, you can save from 20% to 80% .

Generic drugs are:

  • Made with the same active ingredients as brand name drugs
  • Have the same effects in the body as brand name drugs
  • Clinically, the same, but may look different because inactive ingredients, like color, may differ between manufacturers
  • FDA-approved
  • Endorsed by the American Medical Association
  • Routinely used by most hospitals

Saving Money if your Drug Doesn't have a Generic

In some cases, your doctor may be able to prescribe a lower cost drug for your condition.

To find out if there are other lower cost drugs, including generics, that can be used to treat your condition:

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