By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: My Perspective on the High Cost of Cancer Drugs
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > My Perspective on the High Cost of Cancer Drugs
BusinessFinanceSpecialties

My Perspective on the High Cost of Cancer Drugs

Andrew Schorr
Andrew Schorr
Share
5 Min Read
SHARE

cancer drugsDr. Leonard Salz, a renowned GI cancer specialist at Memorial Sloan Kettering Cancer Center in New York, said on the U.S.

cancer drugsDr. Leonard Salz, a renowned GI cancer specialist at Memorial Sloan Kettering Cancer Center in New York, said on the U.S. news program “60 Minutes” the other night that we must—in the U.S.—discuss the high cost of cancer drugs. Dr. Hagop Kantarjian, head of the leukemia department at MD Anderson, whom I know well, agrees as do so many other doctors, patient advocates and patients. Many therapies are now costing over $100,000 a year. And in this age of “chronic cancer,” you might take that medicine for years. Now some experts are saying to really keep the cancer at bay you need to take more than one medicine together. $200,000+ a year for many years?

Just this week we are releasing a roundtable discussion with lymphoma experts and one segment is devoted to the high cost of the newest medicines.

Obviously the expenditure is not sustainable. In my own case, I received six cycles of chemotherapy (and supportive care medicines, too) in 2000 for my chronic lymphocytic leukemia (CLL).  And then I was done. I have had no other CLL medicine since then and, fortunately, that disease remains in remission. Not everyone is so lucky, and they may be candidates—maybe me too in the future—for one of the new anti-CLL pills used alone and in combination. Again, around $100k per year per patient for each medicine.

More Read

tips on starting a dental practice
11 Benefits of Online Booking for Your Dental Practice
Next Generation Not Prepared for Retirement Either
NHS Nurses Wear “Do Not Disturb” Uniforms
How to Use Facebook to Build Your Practice
Tips On How To Stop Your Eyesight From Deteriorating

But I haven’t been spared a high cost med even now. I developed a second cancer in 2011, myelofibrosis. I am very grateful there is a pill that has been remarkable in controlling the symptoms of the disease. I take a small white pill every morning and evening and lead a normal life. When I arrange refills, I am delighted to hear that right now I have no co-pay. The cost of the drug to insurance? About $8,000 a month.

At age 64, I am approaching Medicare coverage. Will I have the 20 percent co-pay to shoulder? Maybe so. Is it worth it? Probably. But should prices be that high anyway and to remain high year after year? For example, should prices decline over time as pharma makes its money back and then some? Stockholders are happy, and a growing number of patients—living longer—can afford to live well without going broke.  One problem is a law that makes Medicare pay retail prices. Instead, they should have huge buying power and negotiate lower prices as do government agencies in other countries.

I am not trying to stifle medical innovation by for-profit companies. I am very grateful to Genentech and Roche for Rituxan in 2000 (I received it in a trial so, I believe, at no cost to my providers) and to Incyte for developing Jakafi, the pills that help me to live a full life today. But we have to have a serious ongoing discussion about what is right, moral and sustainable. This must include oncology professionals, government officials, insurance companies, pharma and, most importantly, you and me as patients and care team members.

One other point. In the U.S., many oncology clinics make extra money on dispensing more expensive IV medicines. The doctors get a commission, and some would say this encourages them to use a more expensive medicine—but not necessarily a more effective one—in order to get a higher fee. You, the patient, have no idea. Here we need transparency. We need to be able to trust our doctors not just to treat our cancer effectively and with the least “clinical toxicity” but also with the least “financial toxicity.”

As more people survive cancer and remain on ongoing medicines, the U.S. has to have a fair and open discussion about the cost of cancer medicines. Thanks to various medical journals, leading physicians, patient groups and now the media for bringing attention to this issue. In the U.S. now, one out of every three of us will face some type of cancer.  The high cost of one or more cancer medicines can be a clear a present danger, for some, as worrisome as the cancer itself.

I urge you to comment on this as we need to keep this discussion rolling.

TAGGED:cancerpharma
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5KFollowersLike
4.5KFollowersFollow
2.8KFollowersPin
136KSubscribersSubscribe

Latest News

weight loss surgeon
How to Choose the Best Surgeon for Weight Loss Surgery
Weight Loss Wellness
February 11, 2026
aging care healthcare system
The Growing Role of Terminal Care Specialists in a Rapidly Aging Healthcare System
Global Healthcare Senior Care
February 11, 2026
Why Trauma and Addiction Are Linked and How Effective Programs Treat Both
Addiction Addiction Recovery
February 10, 2026
car accident injuries
The Hidden Healthcare Impact of Car Accident Injuries
News Policy & Law
February 8, 2026

You Might also Like

Specialties

A Complete Guide To Dentists And Types Of Specialization

April 19, 2019

Sensors Offer New Power to Improve Health

November 12, 2014

To Attract Patients, Help Patients Embrace The Future

December 2, 2011
sovaldi treatment
BusinessFinanceMedical InnovationsPublic Health

Hooray for High-Priced Hepatitis Treatment Sovaldi

April 4, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?