The Facts About Generics

The Facts About Generics

You may think that because generic drugs are lower in cost, they don't provide the same benefits as their brand-name counterparts. But the good news is, they do. Knowing the truth about generics can help you make smart decisions about the drugs you takeĀ - and save money on your prescription costs.

The facts:

  • The American Medical Association endorses generic drugs, and most hospitals routinely use generic drugs to treat patients. The FDA enforces generic drug standards through regulation and inspection.
  • Generics are required to act the same as brands. Firms seeking to sell generic drugs must show that the drugs deliver the same amount of active ingredients in the same timeframe as the original brand products.
  • Generics are required to be just as potent. The FDA requires generics to have the same quality, strength, purity and stability as brand-name drugs.
  • Generics are required to be just as safe. The FDA requires all drugs be safe and effective, with benefits that outweigh their risks. Generics have the same risks and benefits as their brand-name counterparts.
  • Generic manufacturing facilities must measure up. Generic firms have to have facilities equal to those of brand-name firms. In fact, brand-name manufacturers actually make an estimated 80 percent of generic drugs.
  • Generic savings can be substantial. On average, you can save 20 percent or more on your drug costs by choosing generics whenever possible.

Talk to your doctor or pharmacist to see which generic drugs are right for you.

Page Modified:May 18, 2012