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Generic Drugs Aetna Medicare Video Transcript Generic drugs usually come to market many years after their brand-name drug counterparts. Other than having longer, more scientific names, everything else is comparable to a brand-name drug. A generic drug is a copy of a brand-name drug that is no longer under patent protection. A generic drug is the same as a brand-name drug in dosage, strength, how it is taken, the quality and the intended use. The primary difference between a generic drug and a brand-name drug is the cost. Generic drugs usually cost less than the brand-name drugs because generic manufacturers don’t have the initial drug research, development, and approval costs of creating a brand new drug compound. (Graphic) Generic Drugs A generic drug is pharmacologically the same as a brand-name drug. Y0001_M_OT_WB_10645 CMS Approved 12/14/2011