Generic Drugs
Healthcare
Generic drugs are safe, effective, and approved by the U.S. Food and Drug Administration (FDA). They have the same dosage, safety, quality, performance, and strength as brand-name drugs. The color or flavor of a generic medicine may be different, but the active ingredient is the same. After the patent runs out on a brand-name drug, companies can apply to the FDA to make a generic copy of that drug. Generic drugs usually cost less than brand-name drugs.
- — AHRQ Healthcare Research and Quality Glossary retrieved 2014-05-28
Health Insurance
A prescription drug that has the same active-ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. The Food and Drug Administration (FDA) rates these drugs to be as safe and effective as brand-name drugs.
- — HealthCare.gov Glossary retrieved 2014-05-16