TV News LIES

Monday, Dec 11th

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...


Study links birth control pill to increase in breast cancer risk

Birth control pills linked to cancer Newer versions of the birth control pill carry a similar increased risk of breast cancer...

VA knowingly hires doctors with past malpractice claims, discipline for poor care

VA hires practitioners with shady past Neurosurgeon John Henry Schneider racked up more than a dozen malpractice claims and settlements in two...

CVS Health, Aetna agree to $69B merger

CVS Health and Aetna agree to mergerCVS Health has announced it will buy insurer Aetna for about $69 billion, a deal which...

New patch could help heart attack patients with dead muscle

new patch could help dead heart muscleA patch that might one day help repair heart attack damage has been developed by researchers. 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!