Over-Priced Cancer Treatments
Important Note: amounts have been adjusted for inflation to be reflected in 2015 dollars
That is an alarming trend. Remember, the chart has already been adjusted for inflation, so there really is no justifiable economic reason for this exponential price hike. The above-mentioned article goes on to talk about the very troubling fact that “oncologists get most of their money from reselling drugs to their patients.” Simple math tells you that “the higher the cost of the drug, the more money for the doctor.” But the buck doesn’t stop with the oncologist. Hospitals want to turn a profit as well. So don’t be surprised by the fact that “many hospitals can get big discounts on cancer drugs under Medicare rules. But they don’t have to pass those savings on to patients. So hospitals, too, profit from higher-priced drugs”.
Just in case you think all medical costs are following that same trend, the same article sites that “in 2014, the cost of prescription drugs jumped 13.1 percent, according to Express Scripts, a pharmaceutical benefits company. Specialty drugs, like cancer drugs and the hepatitis C treatments, increased 30.9 percent in 2014. Their prices are expected to go up another 44 percent this year.” Dr. Hagop Kantarjian, the chair of the leukemia department at Houston’s M.D. Anderson Cancer Center, said that the prices of new cancer drugs are “absolutely immoral.”
No Functioning Marketplace for Cancer Drugs
Dr. Clifford Hudis, who is the former president of the American Society of Clinical Oncologists, was quoted as saying that “we don’t have a functioning marketplace as regards cancer and drugs. One result is everybody in this space is victimized” because “the automatic correcting effect of a marketplace isn’t there”.
There are much more evidence and details in the article, so we suggest reading it in its entirety. But for our purposes, we wanted to simply highlight some of the main issues with the cost of cancer treatments. This doesn’t even take into account that your odds of survival with these drugs are incredibly low, 2.1% on average. We’ll go into more detail on that in a later post. We hope that this information helps you to make informed decisions about your health care. Even if you do have health insurance that covers the astronomical cost of chemotherapy, we strongly suggest you try the Aloe formula as a treatment supplement. Many have had great success in using it to help get better results from the treatments and reduce the negative side effects.
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