The National Council on Compensation Insurance (NCCI), which studies workers’ compensation issues, claims that in 2001, prescription drug prices rose 15.7 percent from the year 2000. According to the NCCI, pharmaceutical companies obtain the “highest rate of profit” when “compared to other industries.” CBS reported on January 8th, 2001, that 143 billion dollars were spent in this country on prescription drugs in 2000. These increases seem to be continuing, and, while these numbers are national, these rises in price are affecting your wallet. Here are some ideas on how to make the price of prescriptions more bearable.

Be Sure You Need the Prescription

Make sure you need the drug in the first place. Talk with your doctor about all of the alternatives, including the less expensive. You may be able to find another way to remedy your condition, from diet and exercise to herbal remedies. Also, make sure you are being treated for what you have. Antibiotics, for example, should not be used to treat viruses, so if you have the common cold, chances are antibiotics will not help.

Over the Counter

Speak with your doctor about over-the-counter medicines and generics. For example, are prescription pain killers necessary for your arthritis or is a simple combination of over-the-counter pain relievers sufficient?

Generics

Also, don’t be afraid of generic drugs. The Center for Drug Evaluation and Research defines a generic drug as follows: “A generic drug is identical, or bioequivalent to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use… typically sold at substantial discounts from the branded price.” These prescriptions are equally as effective for significantly less cost.

You Better Shop Around

Different drug stores offer different prices when it comes to prescription medications. Check out the local pharmacies out as well as the national chains. Also, check out reputable websites to order your prescriptions.