Drug Prices

Generic Prescriptions Save Lives… and Money, Too

In 2014, Ariel Leaty received a frightening diagnosis—acute lymphocytic leukemia. “I went through three years of chemotherapy,” Leaty, 29, of Bloomfield NJ, recalls, “followed by outpatient maintenance.”

The ordeal was grueling, but it would have been far worse, if not deadly, without generic drugs. “If I didn’t have generic prescriptions,” Leaty says, “I probably wouldn’t be here, because the brand-name drugs are expensive—sometimes over $200 a bottle.”

Generic Drugs Are the Prescription for Savings. Don't Take Them for Granted.

More than 9 out of 10 generic drug prescriptions are filled for $20 or less. Everybody who takes medicine to get or stay healthy can appreciate these savings, which allow patients and families to spend their money on other things that matters to them. Those savings, however, are now in jeopardy, thanks to a combination of factors. Here’s what you need to know.

Generic Drugs Are the Prescription for Savings. Here’s Why You Shouldn’t Take Them for Granted.

More than 9 out of 10 generic drug prescriptions are filled for $20 or less. Everybody who takes medicine to get or stay healthy can appreciate these savings, which allow patients and families to spend their money on other things that matters to them. Those savings, however, are now in jeopardy, thanks to a combination of factors. Here’s what you need to know.

Ariel's Story – Savings from Generic Medicines

"I was diagnosed with leukemia ALL in July of 2014 and had to endure three years of chemotherapy. In the beginning of my regimen, the doctors gave me tons of pills and infusions designed to kill the cancer, which subsequently weakened my immune system and depleted my energy. For a time, I could barely walk or talk. After my intensive therapy, I immediately began outpatient maintenance, which meant taking six to 10 pills a day, in addition to daily infusions.

AAM Statement in Response to FDA's Competitive Generic Therapy (CGT) Designation

WASHINGTON DC (August 8, 2018) – "We applaud Commissioner Gottlieb and the FDA for recognizing the critical role generics play in helping to control overall drug costs. Generic manufacturers have responded to the Administration's efforts to increase competition through the new CGT pathway and remain committed to working to ensure that safe, effective and more affordable FDA-approved generics are accessible to patients and providers. This pathway, created through FDARA, is a better long-term sustainable solution than considering bringing in drugs from foreign markets."

AAM Statement on Importation Task Force

WASHINGTON DC (July 19, 2018) – Secretary Azar testified on June 26 before the Senate Finance Committee, policy makers should examine whether the U.S. is "underpaying for and under-reimbursing for generics. We need a strong, robust generic market. We may be driving those prices so low that we're creating manufacturing anomalies that lead to sole-source products with others exiting. We need to look at that and be open minded about whether we've actually made it too low."

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