When you buy a prescription drug, the prescription includes the cost of the drug plus the retail markups and professional fee (also known as the dispensing fee) that is charged by the pharmacy. The price for the dispensing fee varies.
If you're keeping an eye on costs, you can ask if there is a generic version available when your doctor writes your prescription. You can also check with your pharmacist. The price difference can be significant: generic drugs can cost 40 per cent less than their brand name counterparts. The bottom line: both brand name and generic drugs play an important role in your health. Generic drugs offer a lower-priced alternative and keep the market competitive, while funds from brand name drugs help drug companies develop new treatments as well as improve existing ones.
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