Savvy Senior 5/19/11

Many Popular Brand Name Drugs Will Soon Go Generic

Dear Savvy Senior, I’ve heard that the drug Lipitor and a few other popular brand name medications will soon be available in cheaper generic form. What can you tell me? Frugal Senior

Dear Frugal, It’s true. Generics for Lipitor and a slew of other brand name drugs will soon be coming down the pipeline, and the savings to consumers will be significant. Here’s what you should know.

Expiring Drug Patents

Over the next two years, the patents of many top-selling brand name drugs will be expiring, clearing the path for lower-cost generics to take th...