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9 Out Of 10 Pharmacists Agree: Go Generic

07/09/13

  05:13:16 pm, by MedBen5   , 204 words,  
Categories: News, Prescription, Health Plan Management

9 Out Of 10 Pharmacists Agree: Go Generic

Not every scientific endeavor aims for the fences. Sometimes, as NPR reports, researchers have more modest goals in mind – such as a simple explanation as to why more people don’t favor lower-cost generic pills:

“Matthew Gentzkow, an economist at the University of Chicago’s Booth school, recently tried to answer this question. Along with a few colleagues, Gentzkow set out to test a hypothesis: Maybe people buy the brand-name pills because they just don’t know that the generic version is basically the same thing.”

Gentzkow and his colleagues discovered that people who know that generics contain the same active ingredient as brand-name pills do indeed tend to go for the cheaper alternative. Pharmacists, for example, bought generics 90% of the time, compared with about 70% of the time for the overall population.

Care to learn more about the saving potential of generics? MedBen plan members who get pharmacy benefits management services through Pharmacy Data Management (PDMI) can find information about generic alternatives and compare prices through MedBen Access. By clicking on your name under “My Rx Claims” in the sidebar menu, you will be taken directly to our medication database.

To access the site, simply go to the MedBen.com home page and select “MedBen Access".

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