Generic Medication Costs

costs of generic medicationThe affordable care act brought on by the Obama administration promises a decreased amount of costs associated with health care. These diminished costs are also supposed to reach out to prescription and over the counter drugs. However, in the past four years the cost for prescription drugs has risen.

From 2006 to 2010 the price increased by 6.6 percent. Name brand drugs increased on average 8.3 percent while generic drugs decreased by 2.6 percent. The cost of prescription drugs is often overlooked when it comes to reforming health care. While generics are usually a good option, many companies do not yet offer generic versions of their medications.

One of the reasons thought to be behind the increase in cost of generic medications in 2010 was the heated debate over the Patient Protection and Affordable Care Act. Many members of congress believe that drug companies have the responsibility to stop overcharging patients for prescription medication.

Filed Under: Featured

About the Author:

RSSComments (0)

Trackback URL

Comments are closed.