What are generic drugs?
Generic drugs are FDA approved medications that have the same active ingredients, dose, strength, route of administration, safety, efficacy, as a brand name drug. Generic drug manufacturers must comply with the high standards of quality, purity, and manufacturing safety as the major pharmaceutical companies when making these drugs.
Extensive research has shown that there is no evidence that brand name drugs work better than generic drugs. This research was published by Kesselheim in the Journal of the American Medical Association (JAMA) in 2008.
Kesselheim et al. Clinical equivalence of generic and brand name drugs used in cardiovascular disease: a systematic review and meta-analysis. JAMA. 2008;300(21)2514-2526
Some people, due to differences in inactive ingredients or drug delivery, may respond better to
the drug from a particular manufacturer.
How can these generic drug discount programs help me?
These generic drug discount programs can help you save money if you can switch from a brand name drug to a generic drug. Work with your doctor or healthcare provider to see if you could switch any brand name drugs you are taking to generic drugs.
For many drugs, the savings from converting to a generic drug is over 80%!
This substantial savings on drug costs is the primary reason why people (and insurance companies) are interested in generic drugs.
Pharmacies with discount Generic Drug Programs
- Walgreens | Prescription Savings Club
- CVS | Health Savings Pass
- Walmart | $4 Prescriptions
- Rite Aid | Rx Savings
- Kroger Pharmacies | $4 Prescriptions
- Target | $4 Generics
What do I have to do to take advantage of these discount generic drug programs?
Usually nothing. Most of these programs do not have complex eligibility requirements, applications to fill out, or the long term commitment of Medicare Part D.
Some programs, such as the Walgreens Prescription Savings Club, have an application and annual membership fee.
By comparing the generic drugs offered by different programs, you can find the program that will help you save the most money on your medications.