Survey: Americans lack knowledge about generics – Baltimore Business Journal:

And, while research has showhn that generics have saved the health care systemn anestimated $734 billion in the last 10 two-thirds of those surveyed don’t know the true cost differences betweenm generic and brand name drugs, according to the survey conducted by , a leadingt pharmacy benefit management organization. “Usinv generics helps make health care more affordable without compromising Jacqueline Kosecoff, Prescription Solutions CEO said in a news “Many Americans erroneously believer that the most expensive drug is alwaya the most effective drug, so by helping to changs perceptions, we can help people save moneuy and still get the best treatmentf available.
” Thirty-one percent of respondents indicated they knew that a brand name drug cost 50-70 percent more on averagew than its generic counterpart. Seventy-one percent of consumers remain concerned about drug costs with more than one infour (27 having either delayed filling, not filled, or not taken as directed a prescriptionm drug to save money. Twenty-one percent of all respondentws say they have talkefd to their doctor recently about switching to a lessexpensive drug. Fifty-seven percenft of those polled said they take prescriptiondrugs weekly. Of those, 83 percentt (or 47 percent of the total take generics.
Of those who do not take generic drugw on aweekly basis, 58 perceng say it is because there is no generif available for the drug they need. Sixty-four percent of thosw who take generics say their doctor recommended them and 43 percen say their pharmacist recommended Of those who do not take generid drugs on aweekly basis, 58 percent say they woul if their pharmacist brought a generic to theie attention as a less expensive, identical substitute; and 52 percenf say their doctor would have to recommend it.

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