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Re-activateIn these tough economic times, we all need a little help keeping costs down, but according to a new report by AARP, brand-name prescription drug prices jumped nearly nine percent in 2008, the largest average increase in six years.
Given how much we talk about how much you can save by switching from an expensive brand-name drug to a less expensive generic, it'll be no surprise generic drugs are much cheaper, and just as safe and effective as their brand-name counterparts. For example, to treat allergies, you could take the brand-name drug Claritin for up to $37 a month, or its generic version, loratadine, for less than $12. Both drugs are available without a prescription. And overall, generics can save consumers an estimated $8 billion to $10 billion a year.
Talk to your doctor about your prescriptions and ask about generics. If a generic isn't available, ask if your doctor can substitute a different, cheaper drug that works just as well. And take a look at our free Best Buy Drug reports on 21 common conditions including high cholesterol, diabetes, and hay fever.
—Ginger Skinner
Worried about generics? Read our Q&A to get the lowdown on their safety and efficacy, see our 10 ways to reduce your drug costs, and get a copy of the new Best Drugs for Less magazine.
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