{"id":17340,"date":"2020-12-16T08:23:24","date_gmt":"2020-12-16T13:23:24","guid":{"rendered":"https:\/\/medicarereport.org\/?p=17340"},"modified":"2020-12-16T08:23:24","modified_gmt":"2020-12-16T13:23:24","slug":"why-do-brand-name-drugs-cost-so-much-more-than-generics","status":"publish","type":"post","link":"https:\/\/medicarereport.org\/?p=17340","title":{"rendered":"Why do brand-name drugs cost so much more than generics?"},"content":{"rendered":"<p>The U.S. spent $450 billion on prescription drug costs, and spending is projected to increase to $610 billion by 2021.\u00a0 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?\u00a0 Read article <a href=\"https:\/\/www.healthline.com\/health\/drugs\/generic-vs-brand\">here\u2026<\/a><\/p>\n<p><a href=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2019\/03\/money-in-hand.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-12764\" src=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2019\/03\/money-in-hand-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2019\/03\/money-in-hand-300x225.jpg 300w, https:\/\/medicarereport.org\/wp-content\/uploads\/2019\/03\/money-in-hand.jpg 700w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<pre><strong>Notice:<\/strong> The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link\u2019s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. spent $450 billion on prescription drug costs, and spending is projected to increase to $610 billion by 2021.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-17340","post","type-post","status-publish","format-standard","hentry","category-part-dprescription-drugs"],"_links":{"self":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/17340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17340"}],"version-history":[{"count":1,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/17340\/revisions"}],"predecessor-version":[{"id":17341,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/17340\/revisions\/17341"}],"wp:attachment":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}