TV News LIES

Saturday, Jul 30th

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...


Medicare safeguard overwhelmed by pricey drugs

Medicare drug costsA safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of...

Seven US cities losing their doctors

Cities losing doctorsAs the U.S. population continues to grow — and age — demand for health care services...

Johnson & Johnson subsidiary pays $18 million to U.S. in settlement

Johnson & Johnson pays $18mJohnson & Johnson's subsidiary Acclarent, paid $18 million to resolve allegations the company marketed a medical...

$1 Billion Health Care Fraud Took Advantage Of Medicare In Florida

Miami Medicaid fraudThe Justice Department calls is the largest criminal health care fraud case ever brought against individual...
 
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!