There are people out there who really think the name-brand slapped on conveys some kind of magical properties to medicine not covered in the active ingredient list, as Janet’s sad story of how she got humiliated by her boss shows:
The FDA has suspended all new drug applications from one of Ranbaxy’s plants in India—the Paonta Sahib plant—after “determining the facility was falsifying scientific data.” You may recall that last September the FDA banned the import of 30 popular generic meds made by Ranbaxy due in part to quality control issues from this very same plant. What do they think they are, a peanut butter factory?
The FDA has banned the import of 30 different generic drugs made by Ranbaxy due to unresolved ongoing concerns about quality controls in the manufacturing process. Some of them are popular, like a generic for Zocor. The complete list inside. If you’re taking any of the affected drugs, keep taking them. The FDA found no evidence to suggest any consumers are at risk. If you have concerns, consult your doctor.
Conventional thinking says that you should buy based on better unit price, but Target knows this and has figured out a way to trick you. On the left is a name brand joint-strengthener, on the right, Target’s generic. Going just by unit price, Target looks like the better deal. But let’s see what’s going on on the back label…
Using Your Health Savings Account as a “Super Roth” Investment Vehicle [Free Money Finance] “If you can afford to delay using your HSA funds and instead leave them invested, your payoff in retirement will be substantial.”
What do those little letters, CD, ER, SR, etc, after a brand name drug’s name mean? The exact terminology varies, but they usually translate to the same thing: unnecessary ripoffs.
Here at the Consumerist we’d like you to save money. That’s why we’ve put together a handy list of those $4 generic drug programs that you’ve been hearing about. We hope this list will make it easier for you to locate the store that has the best deal on all your medications. If your local grocery store is doing a similar program and we missed it, please add a link to the comments. If you need help researching the medicines, we recommend Consumer Reports’ excellent site Best Buy Drugs. Enjoy!
Mary is freaking out because BCBS of Maryland just doubled the copay on her thyroid meds. Times are tight, and Mary doesn’t have a thyroid. The insurance companies have been telling her for years that Consumer Reports Best Buy Drugs is a generic, now BCBS has classified it as not being generic. She’s pretty ticked, and considering getting married to her fiance early just to get on his insurance. Her letter, and how she might save $200.32 a year, inside.
This random, unverified comment scavenged from Metafilter archives syncs in with our preconceived notions and suspicions just enough that we’re going to publish it and wonder aloud if it is true:
When I was a kid I remember taking a tour of the big Wonder Bread factory in our town. I was scarred for life when I realized that one of the production lines for loaves of bread that I was following split into two packaging lanes just before the plastic went over the loaf. One lane was for Wonder, the other was for the local supermarket brand.
Is it really all just packaging? Bring on the blind taste tests.
Now covered by the 90-Day Generics Program are nearly 70 new generic medications, including 17 different formulations of popular generic prescription prenatal vitamins, a larger selection than other generic programs
At $5 a month, Kmart’s program is still more expensive than Walmart’s $4 a month program, but instead of going to Walmart every month, Kmart offers a 90 day supply for $15. Presuming, of course, that you can locate a Kmart.
Generics meds are supposed to be a cheaper alternative to name-brand drugs, but a recent Wall Street Journal found that there wasn’t as much difference as you might think. — BEN POPKEN
Target is set to begin offering its $4 generic drug program at all of its 1,287 pharmacies. Previously, Target only offered the program in markets where Walmart was offering their $4 program. No longer. From Reuters: