GENERIC VS. BRAND NAME
So your child can be financially responsible, let them know the difference between generic and brand name.
Generic cost less than brand name drugs. This is because these manufacturers didn’t have the same development costs (such as years of expensive research), so they can sell the drug at a discount. Today, almost half of all prescriptions are filled with generics.
Have your child talk with your doctor and pharmacist about the difference between generic and brand name if you have any additional questions. Explain that you want the most effective drug at the best price. Ask your doctor to write prescriptions for generic drugs whenever possible.
A generic drug is a lower-cost version of a brand-name drug, typically costing 30-80% less! A brand-name drug and its generic version must have the same active ingredient, dosage, safety, strength, usage directions, quality, performance and intended use. The Food and Drug Administration (FDA) requires generic drugs to have the same quality, strength, purity and stability as their brand-name versions. Generic drugs are thoroughly tested to make sure their performance and ingredients meet the FDA’s standards. Both brand-name and generic drug facilities must meet the same standards.