What is the difference between a Brand name medication and a Generic medication?
A generic drug is a medication for which the original manufacturer has lost patent protection. The generic drug is the exact same medication as the original brand name drug, simply made by another company. Due to strict regulations on the generic drug industry, these drugs must provide the same therapeutic effect as the brand name drug.
Many prescription medications are available using either their brand/trademark name or their generic/chemical name. By law, both brand and generic medications must meet the same manufacturing standards for safety, purity, strength, and quality. Therefore, generic medications are just as effective as their brand name equivalents. Generic medications are typically much less expensive, can dramatically reduce your out-of pocket costs and provide a safe and effective alternative to brand name medications. PrecisionRx dispenses generic medications when appropriate and permitted by your doctor, or when in accordance with your medication plan design. Selecting a brand name medication may result in a higher copayment.
Many prescription medications are available using either their brand/trademark name or their generic/chemical name. By law, both brand and generic medications must meet the same manufacturing standards for safety, purity, strength, and quality. Therefore, generic medications are just as effective as their brand name equivalents. Generic medications are typically much less expensive, can dramatically reduce your out-of pocket costs and provide a safe and effective alternative to brand name medications. NextRx dispenses generic medications when appropriate and permitted by your doctor, or when in accordance with your medication plan design. Selecting a brand name medication may result in a higher copayment.
A generic drug is a medication for which the original manufacturer has lost patent protection. The generic drug is the exact same medication as the original brand name drug, simply made by another company. Due to strict regulations on the generic drug industry, these drugs must provide the same therapeutic effect as the brand name drug. For more information on Brand Name and Generic Drugs, click here…
Related Questions
- A non-preferred drug is a medication that has been determined to have an alternative drug available that is clinically equivalent. If I am taking a brand name drug when a generic equivalent is available, at what co-payment level will this drug be available?
- When is a MILA participant responsible for paying the co-pay for a brand name medication which has a generic substitute?
- If brand name and generic drugs are clinically equivalent, why do some people have a reaction to a generic medication?
