A new study has revealed the rapidly increasing prices of cancer drugs and the pattern of patients increasingly taking on the burden of paying for them on their own.
By Tyler MacDonald | Apr 30, 2016 05:07 PM EDT
The results of a new study have revealed that the cost of cancer drugs are increasing at a higher rate than many people realize. The results found that the price of oral cancer treatment medication has increased multiples times since 2000, and this finding remained constant, even after adjusting prices for inflation based on data from the prescription drug database. In addition, newer drugs cost significantly more than currently available drugs.
One of the main reasons for the skyrocketing drug prices is likely due to the amount of new drugs being introduced into the market. Approximately 32 therapies have made their way into the market between the years 2000 and 2014, and the costs for these treatments increased from an average of $1,869 per month in 2000 all the way to $11,325 per month in 2014...
More at:
http://www.hngn.com/articles/198575/20160430/cancer-drug-costs-skyrocketing-new-research-shows.htm
