
Health Issues | |
Consumers Want Brand Name Drugs For High Risk Conditions |
A recent survey in Wisconsin looked at the consumer's willingness to buy generic rather than brand name prescriptions when different amounts of cost savings and perceived risk were involved. The survey looked at prescription drugs for five medical conditions - heart problems, high blood pressure, strep throat, pain and cough.
When risk was considered low, consumers would switch to generic substitutes for less than $2 in cost savings. When risk was believed to be high, consumers required cost savings of over $15, and even that was ineffective to sway some consumers. The study suggests that generic prescription purchases could be increased by educating consumers about the safety and effectiveness of generic drugs by pharmacists. Source: Julie M. Ganther and David H. Kreling, "Consumer Perceptions of Risk and Required Cost Savings for Generic Prescription Drugs" May/June 2000, Journal of the American Pharmaceutical Association, 2215 Constitution Avenue N.W., Washington D.C. 20037. For more on Health issues http://www.ncpa.org/pi/health/hedex1.html |