What is the difference between a Brand name medication and a Generic medication?
“Generic medication” is a commonly used term to identify non-brand name medications that are sold, in jurisdictions where the original manufacturer’s patent protection has expired. Typically, a generic medication is a pharmaceutical equivalent to a branded medication product and has identical strength, dosage form, and concentration. Usually, generic medications are significantly less expensive than brand name medications. By law, these drugs must provide the same therapeutic effect as the brand name drug.
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?
