Generic Products vs Brand Name Essay - 1116 Words

Do generic products really save you money? With the price of living getting higher and higher as very year passes, people are looking for alternative ways to save money. The main reason for buying generic products, saving money, is simple enough. But theres also the satisfaction of not giving in to the marketing hype and buying something just because a company promotes it everywhere. The generic labels may not be as fancy as the brand-name products, and the taste of generic items, such as soda, may not appeal to you depending on your taste buds, but its worth trying generic brands to see if you like them. The savings can add up over a lifetime, as a savings calculator can quickly show you. And if the savings isnt enough, or the†¦show more content†¦In general, generic cough and cold medicines are much cheaper and just as effective as branded medications, she said. While generic works for most over-the-counter medicines, prescription medicine is something that shouldnt be switched back and forth between generic and brand names, she said. Absorption of prescription, as well as over-the-counter, medications could be different between different products, so sticking with brand or generic and not switching back and forth, especially with prescription medications, is important, she said. Insurance companies prefer that doctors write for generic prescription medications instead of branded medications because the generics are cheaper, but if the branded label works better for the patient, a doctor can write to the insurer and explain that the branded product is needed, Rosenbaum said. Be persistent, communicate with your doctor and pharmacist, and stick with one pharmacy for all your prescription medications so the pharmacist has an accurate history of all your prescription and over-the-counter medications, as well as dietary supplements you are taking, she recommended. According to the Consumer Report, the best deal for medications is the $4 program that pharmacys are using for the generic prescript ion drugs. Cereal is one of the biggest values when buying generic equaling 25% to 50% in savings. A $5.50 box of brand-name cereal canShow MoreRelatedGeneric And Name Brand Drugs1126 Words   |  5 Pages While recent advancements in modern medicine have turned it into a field of competition between generic and name-brand drugs, these drugs show very slight differences in ability while they have a large difference in price. The FDA is in charge of overseeing the creation of these generic and name brand drugs. Too much diversity in their results is unacceptable to FDA so they keep a close watch on the makeup and effectiveness of the drugs and how they impact the human body. Along with the differencesRead MoreGeneric vs. Name Brand1080 Words   |  5 Pageschoosing either a generic vs. brand name product? Do you reach for the brand name box of Kraft macaroni and cheese, or would you rather pick up a generic box of macaroni and cheese to save that extra 10 cents? Is your decision based off a di fference in taste or is it simply a matter of paying for quality of the product? What does spending more money on a brand name food product have to say about who we are in our culture today? Today there is an idea that by buying a brand name product a person is buyingRead MoreRhetorical Analysis of Great Brand Controversy1050 Words   |  5 PagesGreat Brand Controversy Which is better Saran Wrap or the Kroger generic plastic wrap? 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With the help of grounded theory methodology, this research paper will evaluate a consumer’s response and reaction to brand-named products versus generic products that have been examined and studied for many years. For many years, researchers have questioned the reason that a consumer grows attached and likes vs. dislikes certain branded products, the answerRead MoreEssay on The Rise in the Price of Prescription Drugs1332 Words   |  6 Pagespublic, are dishonest and, in some cases, unsafe. On the other hand, there are health care workers such as doctors and their supporters who c laim that research and testing for drugs costs money. This supposedly justifies their prices for their products. Also, as an argument to their side, they say that their practice is a benefit to the improvement to mankind. It is a life saving business, but are these prices justified? As one can see, this is a very important issue in medicine today. It affects