Generic medicines are a safe and effective alternative to brand-name drugs. They provide the same results as brand-name products, often at a fraction of the cost!
How? When patents expire on brand-name medicines, generic manufacturers can request approval from the United States Food and Drug Administration (FDA) to make and sell a generic version of it. They're able to "piggyback" on scientific research and clinical trials already performed by branded counterparts. Since the FDA already determined that the brand-name medicine is safe and effective, the generic manufacturer must demonstrate that the generic works exactly the same in the body. The generic medication must contain the identical active or key ingredients and meet the same strict standards for purity and quality as the brand-name medicine.
Because generic manufacturers aren't starting from scratch or rolling the cost of expensive advertising into the price of the medicine, we're able to save patients an average of $50 on each prescription filled. That equated to $931 billion in healthcare system savings between 2001 and 2010!2
2 Savings: An Economic Analysis of Generic Drug Usage in the U.S. http://www.gphaonline.org/sites/default/files/GPhA%20IMS%20Study%20WEB%20Sep20%2011.pdf, Generic Pharmaceutical Association (GphA).