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.


15° 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







 
Find Local Businesses on KELO Pages!

You may also like

Four Dead In Sisseton Shooting

11/22/2014 7:09 AM

South Dakota authorities are searching for a Sisseton man following a shooting early Saturday morning that left four people dead and another person in...

Full Story
UPDATE: Sisseton Homicide Suspect Found Dead In Home

11/22/2014 10:40 AM

Colter Richard Arbach has been located and identified as one of the four people shot and killed this morning in Sisseston.

Full Story
Sisseton In Shock After Shooting

11/22/2014 5:51 PM

It appears a Sisseton man killed three people and injured a fourth before killing himself early Saturday morning, according to the South Dakota A...

Full Story | Watch
Names Of Sisseton Shooting Victims Released

11/24/2014 10:32 AM

Authorities release the names of the people shot to death and hurt in Sisseton over the weekend.

Full Story
Three People Arrested For Deadly Stabbing In Wagner

11/23/2014 3:12 PM

Three people have been arrested after a deadly stabbing in Wagner.

Full Story


Events