Why do brand-name drugs cost so much more than generics?

The U.S. spent $450 billion on prescription drug costs, and spending is projected to increase to $610 billion by 2021.  Although 90 percent of prescriptions filled in the U.S. are for generic medications, brand-name medications account for 74 percent of spending on medications in the U.S. Generic drugs saved U.S consumers $253 billion in 2017 and over $1 trillion in the past decade. So, what is the difference between generic and brand-name medications?  Read article here…

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