Are you willing to change pharmacies to save money on prescription drugs? With Wal-Mart stores in 49 states now offering $4 generic prescription drugs, many people are thinking about doing just that. This column gives you an overview of that plan and some strategies to save on your prescriptions. The Wal-Mart plan has spurred other retailers to create programs of their own. Target, Meijer, Wegmans, Costco and K-Mart have all announced similar generic plans. The giant pharmacy benefit manager Medco Health Solutions started the Generics First program for small business. Why are these plans worth investigating? Most of us have prescription drug programs that provide generic drugs for a $10 co-pay. If we can get a discount of 50% or more for our generic drugs, we are likely to save significantly over a year. According to the AARP, the typical person who takes four prescriptions a day for chronic conditions will pay an average of $240 more annually f...
It's finally here! Merck's patent on the popular osteoporosis drug Fosamax has run out, and now other companies are offering generic alendronate at lower prices. For those whose doctors have recommended the medication but have been put off by the price, now you have one less excuse to disregard your bone health. There are at least three versions available, and it may be time to talk with your doctor to see if a cheaper alternative is right for you. But beware -- just because the drug is more affordable doesn't necessarily mean it's the best choice for everybody, so make sure you discuss this issue with your physician before starting or stopping any medication.
The FDA recently approved two new generic versions of Boehringer Ingelheim Pharmaceuticals Inc.'s popular anti-arthritis medication, Mobic. This medication, which treats the symptoms of both osteo- and rheumatoid arthritis, had sales of over a billion dollars in the United States during the last fiscal year. The two generic alternatives, known by the generic name Meloxicam, are produced by the Israeli company Teva Pharmaceutical Industries Ltd and Par Pharmaceuticals Co, Inc, and are available in doses of 7.5 and 15 mg. Find out more about Meloxicam here.
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