The American College of Physicians published a new guideline advising physicians to prescribe generic medications when possible, as opposed to their brand name counterparts, according to KMBZ.
Here are five key points:
1. The ACP states the potential cost savings of prescribing eight common medication classes as generic equivalents could reach more than $20 billion each year.
2. Patients are more likely to choose generic drugs as they cost less.
3. The ACP also found patients are more likely to adhere to their medication regimen if they are prescribed generic medications.
4. Although evidence proves generic drugs are equally as effective as their brand name counterparts, physicians and patients alike have preferred brand name drugs.
5. To increase generic drug prescription rates, physicians can utilize computer-automated reminders and provide patients free samples of generic drugs.
"While the use of generic drugs has increased over time, clinicians often prescribe more expensive brand name drugs when equally effective, well-proven and less expensive generic versions are available," said ACP President Wayne J. Riley, MD. "The use of generic drugs is a High Value Care way to improve health, avoid harms and eliminate wasteful practices."
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