Spend less money to get better.
When you’ve got a cold, you’ll ask for Lemsip. When you’ve got a headache, you’ll ask for Nurofen. When you’ve got a hangover, you’ll ask for a Berocca.
Yes they cost more than own brand, but surely that’s because they’re better at making you feel better?
Well, it turns out there’s little or no difference between many similar medications. In truth you’re usually paying over the odds for name recognition. And this isn’t the only time you might be paying more than you need on medication and prescriptions.
To help you make a decision that’s good for you’re wallet as well as your health, I’ve taken a look at some of the ways you spend too much on medications and how to save some cash.
Branded medicine is one of the biggest rip-offs we fall for. The vast bulk of the time the ingredients used to make the tablet, cream or sachet are pretty much the same as those cheaper alternatives on the shelf below.
There might be slight variations, but it’s unlikely they are enough to make a difference to your ailment.
You might also have to hunt for these cheaper options, generally hidden on lower shelves with the big brands at eyeline and easy to grab.
Here are a few examples I found:
Lemsip vs own brand cold
In Boots a pack of 10 Lemsip Max sachets will set you back £4.19. The own brand alternative is just £2.99, saving you £1.20. The ingredients are almost exactly the same.
Nurofen vs own brand ibuprofen
Worse is ibuprofen. Standard Nurofen costs £2.29 for 16 tablets in Boots. The own brand version is £1.69. But better still is the non-branded value pack at just 35p. And they all contain the same simple ingredient: 200g of Ibuprofen.
The only difference is likely to be in the coating, which won’t make a difference to the effectiveness of the pain relief.
Berocca vs own brand effervescent
Berocca meanwhile costs £4.89 for 15 tablets. The Boots own brand equivalent of the effervescent multivitamin is £3.99 for 20 tablets. That’s almost 40% less for pretty much the same thing. In fact since the Boots tablets are bigger you actually get slightly higher doses of each vitamin.
Same products, different packaging
You can even find some products which are exactly the same! In my mini investigation (i.e. trying to subtly take photos of packaging in Boots in my lunch break) I found an example where the tablets in different packaging were the very same.
Both Panadol Extra Advance and Panadol Period Pain are the same product. They have literally just been put in different coloured packs (you’ve guessed, it’s pink for the period painkiller).
The way to tell is to look for the product line code. This is the letters PL followed by some numbers. If the code is identical then so is the medication.
Now, these two Panadol items were on sale at the same price in Boots, but a quick look on MySupermarket revealed there’s a 16p difference at Ocado. Ok not much money but you get the idea, and bigger savings are likely to be found when comparing own brand versions of meds in different shops.
I think it also raises a question as to whether these targeted meds are actually anything other than marketing. You could well be better off with the standard version.
It’s also possible to save money on prescriptions in England. Prescriptions normally cost £8.60, but some can get them for free, including those under 16 years old, over 60 or 16-18 in full-time education. There are other groups too, mainly those receiving some form of benefit.
If you have an ongoing condition then it’s worth buying a prescription prepayment certificate. You can get “unlimited” prescriptions (as long as the doctor gives the prescription) for a set price. The three-month certificate costs £29.10 and the annual one £104. Generally if you’re getting two or more prescriptions a month you’ll save money.
Or of course you could just move to Scotland, Wales or Northern Ireland where prescriptions are free on the NHS!
I’m lucky to have Bupa private healthcare through work, and I’ve also had the misfortune to need to use it a few times over the years.
What you don’t get with private treatment is an NHS prescription for any medication you need – and the shocking prices charged for those drugs is another reason the NHS is so important.
In part it’s because private hospitals and pharmacies are making a tidy profit, but it’s also because the NHS can subsidise some really expensive medication.
So, if you baulk at the price of those tablets – it’s worth seeing your GP and asking if they could prescribe you the same or similar on the NHS. Doing this a few years back saved me hundreds of pounds.
Of course there is a flip side to the flat rate NHS prescription. If you can buy it over the counter it might actually be cheaper!