Some of the most expensive, life-saving, brand-name drugs will soon cost a lot less. That's because, for the first time, they're going to be available in generic form.
In some cases, the drug you're taking could cost as much as 80 percent less as a generic.
The drugs going off patent include cholesterol fighter Lipitor, the blood thinner Plavix, anti-depressant Lexapro , Singulair for asthma and allergy relief, Lovaza for high triglycerides and Actos for diabetes.
The average co-pay for generics is about $6 compared to $24 for brand-name drugs -- and that's for people with health insurance.
In places where the number of uninsured patients is higher, it could mean people who have had to choose between buying groceries or medicine will finally be able to afford both. People on a fixed income could also benefit from the change.
Over the next 10 years, more than 100 brand-name prescription medications will be available in cheaper generic form.
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