Paying for prescription drugs is no longer a problem just for the poor. As the economy continues to struggle, the amount of health insurance benefits are shrinking. Employers are requiring workers to pay more of the costs themselves, and many businesses are dropping health benefits altogether. People are dropping their insurance plans trying to save as much money as they can leaving less customers for insurance companies. The result is that remaining customers have to pay a greater fraction of their drug bills out of pocket. As the prices of prescription drugs continue to skyrocket, brand name medications are becoming more of a burden than a cure putting unneeded stress on people trying to attain good health.
Prescription drugs are a leader …show more content…
“Generic drugs are copies of brand-name drugs that have exactly the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug” ("Generic Drugs, Are They as Good"). So why are brand name prescription drugs sometimes almost 80% more expensive than their generic twin? By the time prescription drugs hit the shelf they’ve already been marked up almost 10 times.”This means that you would have to pay over THREE times as much for a brand name drug than as a generic one” ("5 Common Questions"). After the drug manufacturer makes the drugs with chemicals costing a couple of dollars, the drug companies can release it at any price they want. There currently isn 't any laws against these actions but something must be done to stop these criminal …show more content…
Not all prescription drugs have a generic counterpart and not all health plans allow the switch with generic drugs. Families are stuck between worrying about their health and their future bills. Generic drug makers are able to both develop and sell the generic medications at a much lower cost, not because the quality of the generic is inferior to the brand-name drug, but because the original manufacturer has already paid for the bulk of costs to discover and develop a drug from scratch. Less money needs to be spent on advertising to lower the cost of prescription
Prescription drugs are a leader …show more content…
“Generic drugs are copies of brand-name drugs that have exactly the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug” ("Generic Drugs, Are They as Good"). So why are brand name prescription drugs sometimes almost 80% more expensive than their generic twin? By the time prescription drugs hit the shelf they’ve already been marked up almost 10 times.”This means that you would have to pay over THREE times as much for a brand name drug than as a generic one” ("5 Common Questions"). After the drug manufacturer makes the drugs with chemicals costing a couple of dollars, the drug companies can release it at any price they want. There currently isn 't any laws against these actions but something must be done to stop these criminal …show more content…
Not all prescription drugs have a generic counterpart and not all health plans allow the switch with generic drugs. Families are stuck between worrying about their health and their future bills. Generic drug makers are able to both develop and sell the generic medications at a much lower cost, not because the quality of the generic is inferior to the brand-name drug, but because the original manufacturer has already paid for the bulk of costs to discover and develop a drug from scratch. Less money needs to be spent on advertising to lower the cost of prescription