We hear a lot these days about research into promising new immunotherapies and targeted cancer treatments. But when prices for new cancer therapies often exceed $100,000 a year, how many people could realistically be helped by new treatments like these? And prices for older drugs are accelerating too.
A recent article in the New York Times reported on the stories of a number of individuals struggling to cope with drug prices for essential medications that are far beyond what they can afford.
And it’s not just prescription drug prices that are rising at astronomical rates. All aspects of healthcare costs are affected, including prices for hospital care, medical devices and physician care. Dr. Elisabeth Rosenthal, in her book “An American Sickness” gives us some perspective on how we got to where we are today with healthcare costs in this country and what we can do about it. Continue reading