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.


34° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Freezing rain switching to snow Sunday evening through Monday.

 

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
Find Local Businesses on KELO Pages!

You may also like

Dominic Fischer Found Dead During Search

12/17/2014 12:07 PM

Searchers discovered the body of Dominic Fischer in a field on Wednesday.

Full Story
Alexis Vanbochove Has Passed Away

12/17/2014 10:47 AM

According to her family, 4-year-old Alexis Vanbochove passed away early Wednesday morning.

Full Story
Grain Bin Collapses In Britton

12/14/2014 5:55 PM

A grain bin in Britton, SD collapsed this afternoon. No one was injured.

Full Story
Rapid City Police Search For Three Men Following Violent Home Invasion

12/17/2014 8:20 PM

Rapid City Police are searching for three suspects after a violent home invasion Wednesday afternoon.

Full Story
Man Missing After Vehicle Slides Into Ditch

12/16/2014 9:50 PM

Dominic Fischer was one of three people in a vehicle that slid into a ditch due to bad road and weather conditions, several miles north east of M...

Full Story


Events