Generic Drug Policy Paper

Summary:

When you go shopping for groceries, do you buy the generic brand or the brand name product? Most consumers would buy the brand name product because they are the most familiar with that particular product. They are hesitant to buy the generic brand because they think it is not the same product as the brand name. However, would you believe that almost all generic brand products are exactly the same as their brand name equivalence! Of course not, you would not think twice to save two dollars purchasing the CVS brand of Tylenol or purchasing the actual Tylenol. Although both are as safe and effective, most consumers would buy the brand name Tylenol with the red and white label that has helped take care of their aches and pains before. The media is biased towards generic products because they only advertise the brand name products. Therefore, consumers are more likely to purchase the brand name product over the generic equivalence.
As more generic products are ...