Prices of brand name drugs increasing before turning generic « Health Insurance Advisory

Prices of brand name drugs increasing before turning generic

Author: Pete S - Sr. Staff Writer | Aug 28 2011 | Prescription Drug Card

Prices have soared for some popular brand-name drugs whose patents are close to expiring.  This year and 2012 will see many well known drugs lose their patent protection, making it possible for generic versions at substantially lower prices to become available.

Drug patents expected to expire in 2011:

  • Femara (breast cancer)
  • Lipitor (high cholesterol)
  • Nasacort AQ (allergy symptoms)
  • Xalatan (glaucoma, ocular hypertension)
  • Zyprexa / Zyprexa Zydis (schizophrenia, bipolar disorder)
  • Drug Patents Expected to Expire in 2012
  • Actos (diabetes)
  • Avandia (diabetes)
  • Avapro and Avalide (high blood pressure)
  • Clarinex (allergy symptoms)
  • Diovan / Diovan HCT (high blood pressure)
  • Geodon (schizophrenia, bipolar disorder)
  • Lescol XL (high cholesterol)
  • Lexapro (depression, anxiety)
  • Plavix (blood clot prevention)
  • Provigil (excessive sleepiness)
  • Seroquel (schizophrenia, bipolar disorder)
  • Singulair (asthma, allergy symptoms)
  • TriCor (high cholesterol)

Typically, individuals that have a medical insurance plan do not pay the full retail price for prescription drugs. Since medical insurance plans are paying more for prescription drugs, health insurance premiums will also increase. Unfortunately, this is happening at a time when healthcare costs are already rising much faster than inflation, according to Reuters.

If you are currently pay out of pocket for expensive medications, a prescription drug plan may help. Learn more about how a prescription drug plan can save you money. As a thank you for visiting our site, be sure to download and print a free Rx card. Keep one in your purse or wallet. Give one to each family member. The health discount plan offers discounts at major chains and local retailers on prescription drugs, dental services and vision care and supplies. Do not delay! Get your free Rx card today.

Source: AARP

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