TV News LIES

Wednesday, Oct 22nd

Last update05:18:43 AM GMT

You are here News Health Cancer drug mark-ups bring in big money for N.C. nonprofit hospitals

Cancer drug mark-ups bring in big money for N.C. nonprofit hospitals

E-mail Print PDF

Chemotherapy drugsLarge nonprofit hospitals in North Carolina are dramatically inflating prices on chemotherapy drugs at a time when they are cornering more of the market on cancer care, an investigation by The News & Observer and The Charlotte Observer has found.

The newspapers found that hospitals routinely mark up prices on cancer drugs two to 10 times or more over cost. In some cases, the markup is far higher.

The total annual cost of cancer drugs for a single patient can easily top $100,000. Such costs have proved financially devastating to some and, according to national studies, have caused a significant number to put off needed treatments.

An analysis of data from more than 5,000 chemotherapy claims obtained by the newspapers also shows that hospitals and the doctors’ offices they own typically charge more for cancer drugs than independent clinics – sometimes much more. A News & Observer investigation earlier this year showed one key reason: By consolidating into large systems, hospitals have gained leverage to negotiate higher payments from insurance companies.

More...


Most Recent Related Stories...


US forces Ebola-risk passengers to land at 'enhanced screening' airports

Full screening airportThe United States has unveiled new Ebola-related travel restrictions on visitors from West Africa, forcing passengers...

Relief in Dallas as dozens declared Ebola-free after three weeks in isolation

dallas officialsDallas Ebola Dallas officials at a news conference. ‘I’m happy we can tell people they are...

Paralyzed man walks again after cell transplant

paralyzed man walks againA paralysed man has been able to walk again after a pioneering therapy that involved transplanting...

Nigeria Ebola outbreak declared over, but others in region still reeling

Nigeria Ebola freeThe World Health Organization (WHO) called Nigeria a “spectacular success story” Monday after it declared the...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!