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Adalat is used to treat hypertension (high blood pressure) and angina (chest pain).

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Nifedipine generic cost $1,095 in July 2012. These figures represent the most recent data available on the average cost of generic drugs from the Centers for Disease Control and Prevention (CDC). The generic medication industry has historically been a beneficiary of price supports. The Food and Drug Administration (FDA) estimates that the average price of generic drugs will increase from $5 in 2010 to $11 2020. Generic drug prices are generally significantly lower than brand-name prices. According to data released by the FDA, Medicare Part D spending on generic drugs fell about 34 percent between 1997 and 2008. Generic drugs are also more effective than brand-name drugs and can be prescribed at lower doses. And because they're generics, they are also more accessible to taxpayers. FDA has begun giving generic companies more flexibility to develop new drugs, and these companies are often competing against each other to compete on quality and value as well price. But it is important to remember that drug prices are not set by the government, but market. A 2011 study found that generic drug price competition does cause some brand-name drug companies to reduce their prices, but the results of study are not applicable to the generic market. Because drug companies usually do not have the financial resources to compete with brand-name companies, pricing strategies used by generic companies likely make less of a difference than one might expect. Overall, as of 2009, the Generic Pharmaceutical Association had documented more than 5,000 drug patents being invalidated, and many of these patent expirations have taken place as a result of patents being invalidated. Generic drug pricing data include only the price of drug and do not include any rebates or incentives. and incentives can increase the cost of generic drug prices because they can be based on the price that generic manufacturer pays rather than the price that drug is going for in the generic market. Patients should not use generics for their primary care or out-patient prescriptions, including the use of generics in combination with brand-name drugs. Generic drug manufacturers often impose restrictions on the combination of drugs, and if there are more restrictions for multiple drugs, it can also increase prescription drug costs. And generic prices can be significantly different from brand-name drug pricing. Generic drug prices, while generally lower than brand-name drug prices, are also dependent on factors other than drug pricing such as development costs, regulatory requirements, and patent expirations. In 2012, the average generic drug price was nearly 23 percent lower than the average cost of brand-name drugs, but a closer inspection of the data shows generic drug prices can vary considerably depending on the exact brand name drug. In 2012, the average prescription drug cost per day of generic drugs was $1,048, versus $1,723 for brand-name drugs. According to Medscape Medical News, there are several studies regarding cost-effectiveness estimates of generic drugs. The most relevant study on cost-effectiveness was published in May 2011. The study, which was published in the journal Health Policy, estimated that generic medicines cost 9 percent less than brand-name medicines for non-elderly adults with asthma compared a placebo. Additionally, generic medicines were found to generate $500 less annual medical costs per patient than online pharmacy metronidazole 500mg brand-name medicines. The study analyzed impact of generic medicines purchased from five U.S. generic manufacturers: Celgene, Actavis, BioMarin, Novartis, and Sanofi. The authors concluded that generic medicines are more affordable than brand-name medicines for older adults in the United States. The cost-effectiveness numbers in study do not take into account the cost of brand-name medications, which can be much higher and may not be covered by insurance. These drugs are also usually required by law to be less expensive than cheaper generic drugs, making the cost-effectiveness of generic drugs even less an accurate representation of how cost effective generic drugs are compared to brand name drugs. The report states that cost-effectiveness of generic medicines will improve only with further research and efforts to bring down generic drug costs. Additional Resources: Related Articles: Generic Drug Prices, 2009

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