Tuesday, July 19, 2011

Survey: Americans lack knowledge about generics - Minneapolis / St. Paul Business Journal:

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And, while research has shown that generics have savecd the health care system anestimated $734 billiobn in the last 10 years, two-thirds of those surveyedd don’t know the true cost differencesx between generic and brand name drugs, accordinvg to the survey conducted by , a leadingv pharmacy benefit management organization. “Usinbg generics helps make health care more affordable without compromising Jacqueline Kosecoff, Prescription Solutions CEO said in a news “Many Americans erroneously believe that the most expensiv drug is always the most effective drug, so by helpingh to change perceptions, we can help people save monety and still get the best treatmentg available.
” Thirty-one percent of respondents indicateds they knew that a brand name drug cost 50-790 percent more on averags than its generic counterpart. Seventy-onew percent of consumers remain concerned abouf drug costs with more than one infour (27 having either delayed filling, not filled, or not takeh as directed a prescriptioh drug to save money. Twenty-onew percent of all respondents say they have talke to their doctor recently abouf switching to a lessexpensive drug. Fifty-seveb percent of those polled said they take prescriptiobndrugs weekly. Of those, 83 percentf (or 47 percent of the total take generics.
Of those who do not take generic drugs on aweekly basis, 58 percentf say it is because theres is no generic available for the drug they Sixty-four percent of those who take genericws say their doctor recommended them and 43 percent say their pharmacist recommended Of those who do not take generic druges on a weekly basis, 58 percent say they woulxd if their pharmacist brought a genericv to their attention as a less expensive, identical and 52 percent say their doctor would have to recommend it.

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