If you manage to celebrate your 65th birthday, free of any chronic illness, by all means consider yourself lucky. More than half of America’s population is living with at least one chronic condition, i.e. Mental illness, Diabetes, Rheumatoid Arthritis, HIV, Cancer, Epilepsy, Hypertension, Addiction, etc. If you are one of those individuals, then you know how expensive and confusing it can be. Medication isn’t the sole issue, but it is a large part of the equation. And as the cost of medication continues to rise, you feel the pinch on your budget. Frustration. Worry. So, you begin to think about your options. With a chronic illness, you cannot risk doing without your medication. Though, unfortunately, some have resorted to such decisions. But you can consider alternatives. Generics offer a very viable solution.
When a company creates a Brand-name drug, a lot of research goes into its development. Once the FDA gives their approval, a 20-year patent is issued. And the drug goes on the market. When that patent expires, a Generic version can be created. Because it requires less research/development expense, a Generic costs less — usually 30-80% less!
I am not here to promote any specific company, or drug. I am here to inform. What many people do not realize is that a Generic drug is a chemically-equivalent version of a Brand-name drug. The FDA requires that Generics have the same active ingredient, dosage, safety strength, usage directions, quality and performance as the Brand-name drugs they copy. They work in the same way. And, like Brand-name drugs, they are manufactured in FDA-inspected facilities.
There are two types of Generic drugs: Generic Substitution and Therapeutic Exchange. A Generic Substitution drug is the equivalent of the Brand-name drug, on the molecular level. The Therapeutic Exchange is a little different. Think of it as comparing store-brand products with Brand-name products. It is a molecular-related substitute, but not exactly the same.
Generic drugs play a pivotal role in the management and treatment of chronic illnesses. One study estimated that the use of Brand-name drugs for the treatment of blood-pressure, in a non-diabetic patient, can cost up to $52K per year. That same patient, using Generics, spends under $8K per year. Which would you prefer to pay?
Best of all, Generics do work. I have spoken to many people, with a variety of chronic illnesses, who made the decision to switch to Generics. Like myself, they found that the Generic drug performed as well as the Brand-name drug. Health insurers and government programs also approve of their use. In many cases, pharmacies will automatically fill a prescription with the Generic version unless they are instructed to use the Brand-name drug.
All medications, Generic or Brand-name, have side-effects. There is no perfect pill, capsule, injection, etc. Finding the right medication is often a process of trial and error … searching … trying … sometimes trying again … then finding the one that works for you. And a couple of Generics, as with a few Brand-name drugs, have been disappointing. Still, the vast majority of Generics are not only safe … they are very effective!
If you are wondering about the use of Generics, talk to your doctor. Ask questions. Be candid with your concerns. He/She can give you information on the Generics that are available for treating your condition/s. You can also visit the FDA Generic Drug Program on their website. You have a choice. Perhaps, it’s time to consider making it?
*Photo by Pina Messina on Unsplash