Tuesday, April 18, 2017

Another form of cancer, at least in the U.S.

That is the price of cancer drugs is, itself, a cancer. Here, a recent study showed that the price of cancer drugs rises each year at an average of 8.8%, in England it's 0.24%. Furthermore, the prices for the top 10 cancer drugs are 42 percent higher in the U.S. than they are in the United Kingdom.

A large part of the problem arises from the fact that in almost all other countries but the U.S. the government has a large say in the setting the price of a drug. Why is that?

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