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As per the 11th annual edition of the Access and Savings Report published by Association for Accessible Medicines, savings from the use of generic medicines totaled $293 billion in 2018; 10-year savings amounted to nearly $2 trillion. Generic medicines taken by adults age 40-64 accounted for $127 billion in savings, while generics taken by seniors (over age 65) accounted for $102 billion in savings.
To learn more about generic pharmaceuticals and the extent to which they decrease health-care costs and help patients lead healthier lives please visit www.accessiblemeds.org.
To learn more about how FDA approves generic pharmaceuticals please visit: https://www.fda.gov/about-fda/center-drug-evaluation-and-research-cder/office-generic-drugs.
To learn which pharmaceuticals have generic alternatives approved please visit: https://www.accessdata.fda.gov/scripts/cder/ob/index.cfm.