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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
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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