TV News LIES

Tuesday, Sep 23rd

Last update02:39:05 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...


Ebola cases could reach between 550,000 and 1.4 million by late January: CDC

Ebola cases Between 550,000 and 1.4 million people in West Africa could be infected with the Ebola virus...

Officials: 706 babies, 43 employees exposed to tuberculosis at El Paso hospital

Robert RensendesHealth officials said that 706 babies from El Paso, New Mexico and Mexico who were born...

Sierra Leone burial team attacked despite lockdown

Sierra Leone burial teamA team burying Ebola victims was attacked in Sierra Leone's capital on Saturday, a member of...

Sierra Leone's Capital At Standstill As 3-Day Ebola Lockdown Begins

FreetownStreets in the capital of Sierra Leone were deserted on Friday as the West African state...
 
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!