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Cheaper Drugs on the Way?

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    Prices at pharmacy set to drop in wave of expiring patents

  • Duration 3:18
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Well while the rising cost of gas and food -- putting major stress on your wallet you might just save some money on your next trip to the pharmacy.

Drug prices could be heading down because of expiring patents and that means the generic versions of drugs.

That Americans use every day for things like blood pressure asthma.

Diabetes.

HIV and bipolar disorder we'll soon be available for more.

Let's bring in cardiovascular surgeon doctor Fred the -- -- -- -- many thanks for being here this is very good news for patients and these are very popular.

Drugs that will soon be the generic model.

This is a huge story because since my practice -- -- diabetes and weight loss.

A lot of people Iran multiple drugs blood pressure cholesterol diabetic drugs they -- tied in together.

And they -- having a tremendous struggle.

Paying for these to the to the point where I've never had so many of my patients -- to sit back to how many samples.

I can't afford this drug what can you do.

On top of that the insurance companies don't want you to use the more modern successful types of drugs.

You brought in an example of a drug do you -- as in miracle drug but not many people can afford it what is it this is -- -- -- it's I have a big diabetic practice.

It's been an absolute miracle it's an injectable actually I took it myself and I was diabetic it reversed my diabetes.

But it's very expensive and -- on Medicare it's like over 300 dollars a month if it's not covered.

Some of the regular insurance -- we'll cover but it's been incredible for my practice pal but that one is not one of the ones it -- -- -- -- saying that that's an example of something that should.

And would help people tremendously are -- exactly the same formula as the brand names are pretty much the truck companies they usually preach to you.

That know the the real drug.

Is is different than the -- than the generic but I haven't found any different.

Great news as he's ever -- bad -- for the drug the company just.

Because obviously they make billions and billions of dollars a year on all of these -- like.

The Lipitor -- at some and we all know these names isn't there any way for them to extended their -- Us now but I wouldn't feel sorry for the drug companies because they made billions of dollars don't forget it's not only the US these drugs a worldwide.

So I'm not feeling any pain for the drug companies.

But they're pretty -- what they start coming up with alternatives.

In other words they came up with -- -- torrent.

-- because it is so -- -- Staten.

Went to generic so they made a combination of the biggest example by these H two block is like a pet -- -- next him.

So they go generic they come up with new drugs -- new names and they push them whereas you can just go over the -- and a prime -- act of -- -- -- -- so they're -- -- -- drug company.

Yes they are mad that they're a series -- -- raking billions and billions.

I'm -- as we said blood pressure asthma diabetes depression high triglycerides.

HIV bipolar disorder all of these drugs are becoming.

Generics -- this is a game changer for your patience I think so anything that can say these people a money because.

The regular insurance is requiring I have girls in my office on the phone all day getting what we cool.

-- a program is free accreditation other drugs that Sahara.

And so they want you to use the less drugs so the generic is going to be big it's gonna be big enough and I welcome it.

That's right doctor -- -- -- thanks so much for coming in with a preview for us.

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