Cutting Prescription Drug Costs

| Total Words: 436

There are a number of ways to cut prescription drug costs-without sacrificing safety or effectiveness. Try these tips:

• What’s In A Name?-Finding generic versions of name-brand drugs can cut costs by a significant percentage. For instance, people who take one of the more popular cholesterol-lowering drugs could save about $175 per prescription if they stuck to the generic versions.

• Finding Generics-Your pharmacist or doctor can tell you if the generic version of a drug is readily available in the U.S. You can also check with groups such as 1-800-USAVERX. The company gets drugs from FDA and World Health Organization (WHO)-approved facilities overseas. These markets do not have the same pricing regulations and patent laws as those found in the U.S. As a result, the company can offer generic versions of name-brand drugs-even if those generic versions are not available in U.S. pharmacies-at lower prices. Additionally, it offers name-brand drugs at significant discounts (about 60 percent) compared to U.S. prices.

For instance, Nexium is sold in the U.S. at a price of about $420 per 100 pills. The company offers the same pills for about...

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