The Pros and Cons of buying Generic Medicines
One of the best ways to save money on the cost of medications is to use generic drugs. They offer the huge benefit of being available at a fraction of the cost of the name brands. There are also other benefits to using them. There are however also a few cons to using generic drugs that you will want to consider. You will need to weigh the pros and cons to determine if they are right for you.
The biggest pro of buying generic drugs is that they are much cheaper than the name brands would be. If for example you were to buy generic Fosamax you could almost certainly get it for a fraction of the cost. That being said this is a bigger benefit to the insurance company than the patient in most cases. After all you will only have to cover the copayment which is not all that significant. Of course if you don’t have insurance that covers prescription drugs then generics can be a life saver as they bring the cost down to a level that will allow you to purchase them.
The other big benefit that generic drugs offer is that because they are cheaper people are more likely to use them. The cost of drugs is an issue for a lot of people and many times they don’t get their prescription refilled right away or they skip taking their medications to make the ones they have last longer. This is a problem since the medications are designed to be used the way that they are prescribed. This is far more likely to happen if you use generic drugs.
While there are a lot of advantages to using generic medications there are also a few disadvantages, the biggest of these is that the generics may not be exactly the same as the name brand. In most cases this not an issue as the differences are quite small. However for some medical conditions these small differences can still be a problem. In some cases the active ingredient must be taken in a strictly controlled amount, when you start using generics the amount may changes slightly.
One other downside to generic medications is that they usually look different than the name brand and that can confuse people. For example if you have gotten used to knowing that you have to take one red pill that is round in shape after dinner everyday it can be confusing if you switch to a generic that is a yellow oval shaped pill. The result is that there is an increased risk of taking the wrong medications or taking them at the wrong time or in the wrong amount. As you get used to the generics this will of course become less of an issue but it is something to watch out for when you first start using them.