Home > Uncategorized > Hospitals mark up cancer drugs by 10 times their value – FierceHealthcare

Hospitals mark up cancer drugs by 10 times their value – FierceHealthcare

September 25, 2012 Leave a comment Go to comments

Amid calls to rein in escalating healthcare costs, hospitals are marking up chemotherapy drug prices by two to 10 times their average retail price, the Charlotte Observer reported.

For instance, Carolinas HealthCare-owned Levine Cancer Institute received roughly $4,500 for a dose of irinotecan, which is used to treat people with colon or rectal cancer, while the average sales price was less than $60.

The problem is exacerbated by hospitals buying up independent oncologist practices and then charging patients much more for the same treatment in the same office, the article noted. The markups also can hurt patient care, as some cancer patients forgo needed treatment because it’s too expensive.

But it’s not only cancer drugs carrying hefty price tags. Hospitals also charge patients huge markups for relatively commonplace drugs while they are placed in observation care.

via Hospitals mark up cancer drugs by 10 times their value – FierceHealthcare.

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