Buying more generic prescription drugs instead of their brand-name equivalents and purchasing brand-name drugs with discounts can significantly reduce overall prescription drug expenditures. Federal actuaries recently reported that the use of generic medications and an increase in Medicaid prescription drug rebates would continue to slow spending. Eighty percent of all prescription medications dispensed in 2011 were classified as generic drugs, an increase of 13 percent from 2007. At the same time. many newer drugs, including all biological products, have no approved generic equivalent and can play a central role in life-extending situations.