Tuesday, August 09, 2005

For Generic Drugs, the Price Is Right in U.S.

From the Los Angeles Times:
Mabel Stoltz, at 93, lives independently in her own home in a quiet harbor town on the Minnesota shore of Lake Superior. But she has to watch her budget carefully and has been buying prescription drugs from Canada.

So Stoltz was surprised to learn recently that she could buy her generic-label medications for much less from a U.S. pharmacy — a potential savings of $560 a year for two prescriptions. "I do have enough money to pay, but I don't know how long it will last at this rate," said Stoltz, who once worked as a medical secretary.

Like Stoltz, many U.S. consumers have been buying generic drugs from Canada, not realizing that generics — unlike brand-name medications — are usually quite a bit cheaper at home. ...more

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