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Colorado May Replace Obamacare with Single Payer
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<blockquote data-quote="_CY_" data-source="post: 2874632" data-attributes="member: 7629"><p><span style="font-size: 22px"><strong>Price of Cancer Drugs Has Skyrocketed Since 2000</strong></span></p><p>April 28, 2016</p><p></p><p>Researchers say initial prices of new cancer drugs are six times higher, raising the question of if patients are getting their money’s worth.</p><p></p><p><img src="https://www.okshooters.com/data/MetaMirrorCache/www.healthline.com_hlcmsresource_images_News_cancer_042816_cancerdrugcost_THUMB_LARGE.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>For some cancer patients, taking a new cancer drug is simply a matter of buying time.</p><p></p><p>It turns out, though, they are paying a lot for those extra months and years.</p><p></p><p>A study published today in <a href="http://oncology.jamanetwork.com/article.aspx?articleid=2517398" target="_blank">JAMA Oncology</a> reports that new cancer drugs taken in pill form have become dramatically more expensive in their initial year on the market than other drugs launched 15 years ago.</p><p></p><p>In addition, the researchers say, the prices of those drugs increase rapidly even after their first year on the market.</p><p></p><p>Dr. Alan Venook, an oncologist at the University of California, San Francisco, notes that many of these drugs are not even cures. They simply delay the progression of cancer.</p><p></p><p>“It’s beyond me. I guess they do it [raise prices] because they can do it,” Venook told Healthline. “It’s a big, big problem.”</p><p></p><p><strong><a href="http://www.healthline.com/health-news/you-survived-cancer-now-how-do-you-pay-your-bills-060715" target="_blank">Read More: You Survived Cancer. Now How Do You Pay Your Bills? »</a></strong></p><p></p><p><span style="font-size: 18px"><strong>The Price of Treatment</strong></span></p><p>Researchers looked at 32 orally administered drugs introduced since 2000.</p><p></p><p>They said the average monthly cost of the drugs approved in that year was $1,869.</p><p></p><p>That figure rose to $11,325 a month for new drugs introduced in 2014. That’s a sixfold increase, even after adjusting for inflation.</p><p></p><p>Patients are increasingly taking on the burden of paying for these high-cost specialty drugs as plans move toward use of higher deductibles and co-insurance.</p><p>Stacie Dusetzina, University of North Carolina</p><p>One of the drugs highlighted in the research was imatinib, also known by the brand name Gleevec. When it was launched in 2001, the average monthly cost was $3,346. In 2014, that monthly cost had risen to $8,479. That’s an average annual increase of 7.5 percent.</p><p></p><p>The researchers said the amount paid by health insurance companies was factored into the cost. They also pointed out that many patients are now paying a higher percentage of these expenses than they were 15 years ago.</p><p></p><p><a href="http://www.healthline.com/health-news/price-of-cancer-drugs-hasskyrocketed" target="_blank">Price of Cancer Drugs Has Skyrocketed Since 2000</a></p></blockquote><p></p>
[QUOTE="_CY_, post: 2874632, member: 7629"] [SIZE=6][B]Price of Cancer Drugs Has Skyrocketed Since 2000[/B][/SIZE] April 28, 2016 Researchers say initial prices of new cancer drugs are six times higher, raising the question of if patients are getting their money’s worth. [IMG]https://www.okshooters.com/data/MetaMirrorCache/www.healthline.com_hlcmsresource_images_News_cancer_042816_cancerdrugcost_THUMB_LARGE.jpg[/IMG] For some cancer patients, taking a new cancer drug is simply a matter of buying time. It turns out, though, they are paying a lot for those extra months and years. A study published today in [URL='http://oncology.jamanetwork.com/article.aspx?articleid=2517398']JAMA Oncology[/URL] reports that new cancer drugs taken in pill form have become dramatically more expensive in their initial year on the market than other drugs launched 15 years ago. In addition, the researchers say, the prices of those drugs increase rapidly even after their first year on the market. Dr. Alan Venook, an oncologist at the University of California, San Francisco, notes that many of these drugs are not even cures. They simply delay the progression of cancer. “It’s beyond me. I guess they do it [raise prices] because they can do it,” Venook told Healthline. “It’s a big, big problem.” [B][URL='http://www.healthline.com/health-news/you-survived-cancer-now-how-do-you-pay-your-bills-060715']Read More: You Survived Cancer. Now How Do You Pay Your Bills? »[/URL][/B] [SIZE=5][B]The Price of Treatment[/B][/SIZE] Researchers looked at 32 orally administered drugs introduced since 2000. They said the average monthly cost of the drugs approved in that year was $1,869. That figure rose to $11,325 a month for new drugs introduced in 2014. That’s a sixfold increase, even after adjusting for inflation. Patients are increasingly taking on the burden of paying for these high-cost specialty drugs as plans move toward use of higher deductibles and co-insurance. Stacie Dusetzina, University of North Carolina One of the drugs highlighted in the research was imatinib, also known by the brand name Gleevec. When it was launched in 2001, the average monthly cost was $3,346. In 2014, that monthly cost had risen to $8,479. That’s an average annual increase of 7.5 percent. The researchers said the amount paid by health insurance companies was factored into the cost. They also pointed out that many patients are now paying a higher percentage of these expenses than they were 15 years ago. [URL='http://www.healthline.com/health-news/price-of-cancer-drugs-hasskyrocketed']Price of Cancer Drugs Has Skyrocketed Since 2000[/URL] [/QUOTE]
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