TV News LIES

Thursday, Jan 19th

Last update05:20:13 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...


18 Million People Could Lose Insurance In First Year After Partial Obamacare Repeal

18 million people could lose health insuranceA partial repeal of Obamacare could leave 18 million people who have insurance today with no...

Bo Jackson opens up about football's CTE risk

Bo JacksonMost scientists believe that CTE, a progressive degenerative brain disease, is associated with repeated blows to...

Obamacare Rallies Around the Country

Obamacare ralliesSupporters of the Affordable Care Act gathered to protest the health care law’s repeal in rallies...

Desmond Tutu Joins Advocates To Call For Right To Assisted Death

Desmond Tutu calls for assisted deathDesmond Tutu, South Africa's former Anglican archbishop and a Nobel Peace Prize laureate, recently celebrated his...
 
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!