Generic medicines are a safe and effective alternative to brand-name drugs. They provide the same quality and performance 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. 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. The generic drug manufacturer must prove its drug is the same as (bioequivalent) the brand name drug and therefore, works the same.
Because generic manufacturers aren't starting from scratch or rolling the cost of expensive advertising into the price of the medicine, patients are able to realize a significant savings on each prescription filled with a generic medication. In 2012, generic drugs saved the U.S. $217 BILLION dollars. That's over $4 billion every week!2
2. Generic Pharmaceutical Association. Generic Drug Savings in the U.S. Fifth Annual Edition: 2013. http://www.gphaonline.org/media/cms/2013_Savings_Study_12.19.2013_FINAL.pdf. Accessed January 15, 2014