Clark Howard's Tips
More brand name drugs going genericNovember 2, 2007
The cost of prescriptions has been in the news a lot lately. Regional supermarket chain Publix is now giving away select generic antibiotics to drum up business for its in-store pharmacies.
Clark recently had a funny prescription story related to his ongoing sinus infection. The doctor first put him on a generic antibiotic that cost $8 for 20 pills. But when the infection didn't go away, the doctor wrote a new prescription that cost more than $120 for 10 pills at a warehouse club -- and he's still not cured! Meanwhile, his 8-year-old daughter needed a liquid prescription that ran $225. Clark jokes that he had it filled and then didn't eat for four days! The best advice here is to ask your pharmacist what your prescription is going to cost before you buy it. If it's too expensive, call your doctor's office and see if they can write a prescription for an alternate drug that's more affordable.
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CLARK'S TIP TOPICS
Find more consumer advice in Clark Howard's book, "Get Clark Smart" |
Clark recently read that 60 percent of all prescriptions being filled are generic now. The New York Times reported that a number of brand name drugs are going generic in the next two years, which is throwing BigPharma into a tailspin. One company is laying off 5,000 people because a blockbuster brand name drug is set to go generic.
The consumer is set to save a bundle when this trend heats up. Discount stores have already been getting into the action with Kmart doing a three-month supply of some medicines for $15, and Wal Mart doing its own $4 deal.
Other consumer-driven shifts in the medical field can be seen in new websites that let you rate a doctor online. Forbes reports that RateMDs.com is one of the most popular. Some doctors who have bad bedside manner are getting their feelings hurt because patients are acting as consumers and rating them.
Clark loves that patients are seizing the power to rate their medical providers, and he thinks it's especially important to vet your doctor when you get a referral to a specialist.