By the Numbers: Generic vs Brand Name Drugs

money1.JPGTotal number of prescriptions I wrote in the last quarter of 2007: 1,313

Total cost of those prescriptions: $27,387.14

Total cost of prescriptions for generic doxycycline: $750

Total cost of prescriptions for generic minocycline: $2,196

Estimated cost of prescriptions if I changed all my generic doxycycline to name brands such as Adoxa® or Oracea®: $19,500

Estimated cost of prescriptions if I changed all my generic minocycline to name brands such as Solodyne®: $23,504

Estimated savings by using generic drugs over name brand drugs: $40,000.

This savings is for two drugs over a three month period.

Physicians have a responsibility in controlling health care costs.

4 thoughts on “By the Numbers: Generic vs Brand Name Drugs”

  1. Usually, the patient is given the option to change to a generic brand even if the name brand has been written.

    But this begs the question: why do the big R&D companies continue to charge so much?

  2. I think in part because R&D is expensive and in part because they can.

    I also think it is interesting that many patients actually ask for the name brand.

  3. My mother in law is like this, at least with over the counter drugs. She honestly believes the name brands will work better. She also believes in aromatherapy and herbs.

    I bet you could say that branding might actually have a placebo effect.

    Still, I would think that the pharms would figure out that once the patent ran out, they might make more money if they made the price more competitive with the generics. Ideally, they’ve run the numbers, but I’ve seen similar non-pharm R&D situations where the price was the whim of the president of the company.

  4. wow, i just stumbled upon yr blog today and having a good read – thanks for all the info – not only is yr writing interesting and good, but ur also ethical.
    (i usually have doctor-phobia you see lol)

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