Thursday, July 23, 2015

Doctors Object to High Cancer-Drug Prices

More than 100 oncologists call for new regulations to control soaring patient costs in U.S.

By Jeanne Whalen, WSJ
July 23, 2015 12:01 a.m. ET

More than 100 oncologists from top cancer hospitals around the U.S. have issued a harsh rebuke over soaring cancer-drug prices and called for new regulations to control them.

The physicians are the latest in a growing roster of objectors to drug prices. Critics from doctors to insurers to state Medicaid officials have voiced alarm about prescription drug prices, which rose more than 12% last year in the U.S., the biggest annual increase in a decade, according to the nation’s largest pharmacy-benefit manager.

In an editorial published in the Mayo Clinic’s medical journal, the doctors focus attention on the financial burden to patients, saying the out-of-pocket costs are bankrupting many just as they’re fighting a deadly illness.

Patients “have to make difficult choices between spending their incomes [and liquidating assets] on potentially lifesaving therapies or forgoing treatment to provide for family necessities,” the doctors write in Mayo Clinic Proceedings, a monthly peer-reviewed journal. As a result, about 10% to 20% of cancer patients don’t take their treatment as prescribed, the doctors say.

(More here.)

1 Comments:

Blogger Minnesota Central said...

FYI : the Institute for Clinical and Economic Review (ICER) announced they received a grant to evaluate new drugs.

Congress may be bought by BigPharma, but these independent reviews should add some valuable insight for the public.

8:34 AM  

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