Generic medications are the best alternative in the pharmacy market today; they contain the same chemical ingredient as the branded counterparts, they are called generic since as they are the exact copy of the original medication. Generic medications are at least 60 to 70% cheaper as compared to the branded drugs. They are effective, easily available and can be bought at cheaper rates.
Generic medications cannot have the same name as the branded counterparts due to privacy and patency issues, they are often named after the chemical ingredient or the word generic is used before the original name. The generic medications cannot even have the same shape of the branded pill. Branded drugs are expensive as the pharmaceutical companies spend money on research and marketing of the pill and once the drug is manufactured the prices of these branded medicines are high to recover the marketing and research money. Generic medications do not have to spend anything on marketing and research they just use the same chemical ingredient and are offered in the same dosage as branded, thus they are cheaper.
If a patient suffers from a disorder that he/she needs to consume a particular medication for all their life, then generic is a better option as it will not burn a hole in their pocket and is easily available. The generic medications have been approved by FDA under the chemical name of the branded medications and FDA maintains the same standard of quality and purity from generic pill manufacturers as those of the branded pill manufacturers.