Survey: Americans lack knowledge about generics - The Business Journal of Milwaukee:

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And, while research has shown that generics have savexd the health care system anestimated $734 billioj in the last 10 years, two-thirds of thosd surveyed don’t know the true cost differences betweem generic and brand name drugs, according to the survey conductec by , a leading pharmacy benefit management organization. “Usinfg generics helps make health care more affordabl e withoutcompromising results,” Jacqueline Kosecoff, Prescription Solutions CEO said in a news “Many Americans erroneously believe that the most expensived drug is always the most effective drug, so by helping to change perceptions, we can help people save money and still get the best treatment available.
” Thirty-one percent of respondentss indicated they knew that a bran name drug cost 50-70 percent more on averagde than its generic Seventy-one percent of consumers remain concerned about drug costxs with more than one in four (27 percent) havingv either delayed filling, not or not taken as directed a prescription drug to save money. Twenty-one percent of all respondentsz say they have talked to their doctofr recently about switching to a less expensive drug. Fifty-seven percent of those polled said they take prescription drugs weekly. Of those, 83 percent (or 47 percenr of the total sample) take generics.
Of thoswe who do not take genericx drugs on aweeklyt basis, 58 percent say it is because there is no generic available for the drug they need. Sixty-four percent of those who take genericsz say their doctor recommended them and 43 percent say their pharmacistrecommended them. Of thoswe who do not take generi c drugs on aweeklyy basis, 58 percent say they woulfd if their pharmacist brought a generiv to their attention as a less identical substitute; and 52 percentt say their doctor would have to recommend it.