US Oncologists Offer Strategies To Make Cancer Drugs More Affordable

by Shirley Johanna on  July 24, 2015 at 11:52 PM Drug News
RSS Email Print This Page Comment
Font : A-A+

A group of cancer doctors from top cancer hospitals in the US have developed a list of proposals designed to reduce the cost of cancer drugs.
US Oncologists Offer Strategies To Make Cancer Drugs More Affordable
US Oncologists Offer Strategies To Make Cancer Drugs More Affordable

Nearly 118 cancer experts produced a series of recommendations to reduce treatment expenses. Doctors said that one out of three is diagnosed with cancer in their lifetime, but out-of-pocket drug costs could easily exceed the average household income of an insured patient.

According to a report published in Mayo Clinic Proceedings in 2012, four doses of one particular cancer drug costs a staggering $120,000.

"It's time for patients and their physicians to call for change," said Dr Ayalew Tefferi, a Mayo Clinic hematologist.

The recommendations included a proposal to allow individuals to import cancer drugs from other countries, where the drug is far cheaper, to allow Medicare to negotiate prices.

Other recommendations include creating a regulatory body that would propose fair pricing after a drug gains approval by the Food and Drug Administration, and also prevent pharmaceutical companies from delaying access to generic drugs.

"It's time for patients and their physicians to call for change," said Dr Tefferi.

Source: Medindia

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
Notify me when reply is posted
I agree to the terms and conditions

More News on:

Drug Toxicity Cancer and Homeopathy Cancer Facts Cancer Tattoos A Body Art Drugs Banned in India Common Lifestyle Habits that Cause Diseases Health Benefits of Dandelion Plant 

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive