User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


24° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Prescription Patents To Expire

July 25, 2011, 5:19 PM by Nicole Winters

Prescription Patents To Expire
You could soon be saving money at the pharmacy counter, but it's got nothing to do with the latest sale or coupon offer being offered by your neighborhood drug store.

Over the next four years, the patents on a number of popular prescription drugs are due to run out. That means competition from generic versions of some of the best-selling medications will slash the cost to you. The expirations affect seven of the world's top 20 most popular pills, including the cholesterol medication Lipitor; the asthma remedy, Singulair; and the blood thinner, Plavix. Doctors are hoping the lower generic drug prices will benefit people who've been jeopardizing their health because they can't afford medications.

"A generic drug is, in most cases, the same as the pre-existing drug. So we would expect that it would have the same formulation and the same effects," Dr. Merle Myerson said.

Generic drugs can cost as much as 80 percent less and many carry lower co-payments for drug coverage. Last year, the average co-pay for generics was $6, compared with $24 for brand-name drugs.

So who will see these savings? Doctors estimate that over the next three years, one in five people will save money on their prescription costs due to the increased competition from generic drugs. In five years, that number of people saving at the drug store is expected to jump to one in three.

Previous Story

Next Story


Comments







Sponsored
 

You may also like

Police: Woman Raped At Her Apartment Building

2/5/2016 11:17 AM

The woman told Sioux Falls Police she believes the man followed her into her apartment.

Full Story
Superintendent Cancels School With Video

2/2/2016 1:41 PM

Dr. Donavan DeBoer with the Parker School District posted the cancellation notice on YouTube.

Full Story
Blizzard Impacting Travel In Southeast KELOLAND

2/2/2016 10:03 AM

The Sioux Falls Police Department is also advising no travel within the city. Officials say visibility is near zero with blowing snow and scattered sl...

Full Story
Storm Center Update- Monday AM

2/1/2016 5:26 AM

A quiet weather day is ahead for most of KELOLAND ahead of winter storm headed for the southeast.  Blizzard watches and warnings are posted for m...

Full Story
Drivers Breaking The Law

2/2/2016 5:00 PM

No travel is advised in many areas of KELOLAND Tuesday night.  Interstate 29 from Sioux Falls to Sioux City is closed and probably won't reop...

Full Story | Watch


Events