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.


61° 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

Four Arrested In Church Vandalism

5/18/2015 1:47 PM

Three Sioux Falls residents face charges after allegedly breaking into a west central Minnesota church.

Full Story
Woman Says Man Drugged Her at Concert, Hopes Story Helps Others

5/19/2015 6:05 PM

It was supposed to be an unforgettable concert, but a woman says she cannot remember it because she believes someone drugged her.

Full Story | Watch
One Killed, Five Hurt In Crash Near Bowdle

5/18/2015 2:07 PM

A Colton man is dead and five other people are hurt following a crash on U.S. Highway 12 near Bowdle on Sunday.

Full Story
Chicken Doesn’t Recognize Boy After Hair Cut

5/19/2015 12:22 PM

Video of a young boy getting a hug from a chicken is collecting a flock of fans.

Full Story
Former Sioux Falls Teacher Sentenced To 15 Years

5/22/2015 11:04 AM

In February, Drueppel admitted she had a relationship with a student while working as a teacher at a Sioux Falls middle school.

Full Story


Events