It was late and I just scanned over it, My apologies.
Did you even glance at my post?
"....Another shock came in January 2013, when the price of imatinib, which had cost around $25,000 a year, suddenly shot up to $90,000 per year. This is despite the fact that the development costs were recouped years ago, and that new indications have since been approved for the drug, increasing sales volume, Dr. Kantarjian reported. There was a huge outcry from both patients and doctors at this price hike, but to no avail...."
“So many people tell us it is the greatest in the world and it is....for the drug companies and their related businesses.”
Somebody has to pay for the research/trials and the investers. Remember when Gen1 was still 50/50 @ RVR?
That chart is really obscene. I am not an expert at the pricing and marketing of drugs but I would guess that most of the countries have a single payer system and that accounts for much of the discrepancies seen in the chart. There may be other factors but I'd bet that is the number one driving force.
Because of our healthcare system. So many people tell us it is the greatest in the world and it is....for the drug companies and their related businesses.
This is one of the things that I'd love to see addressed. Why are we paying so much for these and other drugs? I wish the this thing would address that.
Sorry CML =chronic myeloid leukemia
High Price of Cancer Drugs 'One of Biggest Issues in Healthcare'
http://www.medscape.com/viewarticle/804655_3
Estimated Annual Cost of CML Drugs by Country (in US Dollars)
Country Imatinib Nilotinib Dasatinib
Argentina 52,000 73,500 80,000
Australia 46,500 53,500 60,000
Canada 46,500 48,000 62,500
China 46,500 75,000 61,500
Germany 54,000 60,000 90,000
Japan 43,000 55,000 72,000
Mexico 29,000 39,000 49,000
Norway 50,500 61,000 82,500
Russia 24,000 48,500 56,500
S.Korea 28,500 26,000 22,000
UK 33,500 33,500 48,500
US 92,000 115,500 123,500
I saw this a few months ago. It was in an article written by a "whistle blower" who was on the drug development team.
Here are a couple of excerpts from the article:
"These high prices were shocking," Dr. Kantarjian added, "especially because I was intimately involved in the development of all 3 of these drugs, and I know that the cost of development of these drugs was not as high as industry claims they are."
The widely quoted estimate of $1 billion for developing a new drug, taking into account the prototypes that fail on the way and infrastructure and salaries, "is a myth," he said. "The true cost is only about 10% of that — around $100 million."
So you can't help but wonder if new drugs could be priced at 10% of their current cost, he added.
Another shock came in January 2013, when the price of imatinib, which had cost around $25,000 a year, suddenly shot up to $90,000 per year. This is despite the fact that the development costs were recouped years ago, and that new indications have since been approved for the drug, increasing sales volume, Dr. Kantarjian reported. There was a huge outcry from both patients and doctors at this price hike, but to no avail.
It was these 2 events that sparked the idea for the paper, Dr. Kantarjian said. He proposed a first draft at a meeting of leukemia experts, and the idea snowballed from there.
It is clear from this comparison(see chart above) that the cost of these CML drugs is 50% to 100% higher in the United States than anywhere else in the world. In fact, because "many of these drugs were developed in the United States using taxpayers' money, it is like we are paying twice," Dr. Kantarjian noted.
"We have to make sure that a patient with CML in the United States is not penalized just for being in the United States as opposed to, say, Korea, where the prices for the same CML drugs are about a third of what they are here," he said.
In the United States, medical costs have become a top cause of bankruptcy, and cancer is often the reason, he noted. A recent study found that the rate of bankruptcy among those with a cancer diagnosis is double that of the rate in the general population.
Yes mike we all have a lot of people to thank for a mess that we have. We know why he won and it's a shame that people can't vote with common sense anymore.
No Obamacare is not going to save $, proven time and time again.
Nobody has ever said the ACA was free or that it would not cost money vance. That is kind of a common sense assumption dont ya think? But when everything is taken into account, in the next 10 years, the plan will save money. It will also cost us lots of money to take it down.....duh
Back to the ACA and what the pres said about it.
It's over vance - please do try to get over it.
BTW, the Presidential election is over too - just for your information.
Oh, and Obama WON.......again!!!!
CBO have never said that Obamacare will not cost $, a lot of $.
http://www.weeklystandard.com/blogs/cbo-uninsured-under-obamacare-never-falls-below-30-million_733740.html
http://www.nationalreview.com/corner/340004/cbo-offers-grim-obamacare-numbers-jillian-kay-melchior
Liberals also suck up to each other, so it is expected for you to make a stupid comment like that.
And this was a WEBSITE. No website should cost that much.
And for the simple minded you do realize that if Harry Reid did his job back in June the government would not have shut down. Or if Reid and/or Obama were willing to have any negotiations then government would not have shut down. But hey lets ignore facts because THE KING is in office and we all get on our knees to bow down to him.
Thanks Mike.
I will just say this. Vance and his opinion of me is not something I lose sleep over. lol
If I remember right the CBO says the ACA will save money and trying to disasssemble it will cost a fortune.... Last I knew the CBO is a non partisan sight that our politicians turn to for facts, yes?
".....The company originally won the contract back in 2011, but at that time, the cost was expected to run “up to” $93.7 million – still a chunk of change, but nothing near where it ended up.....
Probably nowhere near 24 billion for the Cruz fiasco.
Teeheehee
I respect teko's opinion and I would bet many other members do as well.
Your opinion? Nah, not so much.
The exact cost to build Healthcare.gov, according to U.S. government records, appears to have been $634,320,919, which we paid to a company you probably never heard of: CGI Federal. The company originally won the contract back in 2011, but at that time, the cost was expected to run “up to” $93.7 million – still a chunk of change, but nothing near where it ended up.
ALL BOW DOWN TO OBAMA.
Maybe when you get some education on the subject your opinion will be respected.
Vance? You mean like the 24 billion cruz political stunt?
The pres is speaking now and making some good points. While the webite is not working as good as it should, its gonna be fixed and in the interim you can bypass the website and apply by phone etc. He said the wait and the price is so worth the aggravation..... Im in!
The traditional way was long application forms, pages and pages of medical history, and instead of contacting individual insurances one by one, this is all in one place with one single phone number you can call for help, so in the meantime they will help us sign up.
He is also addressing the politics surrounding obamacare. Admits the problems with the website makes even supporters nervous, and reminds us that we did not launch this battle over a website, but in getting affordable quality healthcare and this is what the ACA does.
This is a complete failure and no amount of talking is going to make up for the millions wasted on this website. But hey it is the government being the government...spending too much money and getting nothing in return.
I don't think anything needs to be said. I think the media has said it all. I am however glad that he isn't saying that there isn't anything wrong.
I gotta say, frustrating it is! I hope they get it fixed soon.