High Priced Cancer Drugs: All Out War

High priced  cancer drugs causes a fight between multi-billion dollar giants

High Priced  Cancer Drug Wars

Cancer Drug Price Disparity Sparks Congressional Scrutiny

The exorbitant cost of a cancer drug, priced at $129,000 per year in the United States—more than triple the price in Japan and Sweden and quadruple the cost in Canada—has triggered public outcry and caught the attention of Congress. In a joint effort, 12 representatives have joined forces with nonprofit organizations to call for a public hearing to address the pricing of this drug.

The drug in question, Xtandi, used in prostate cancer treatment, is co-licensed by Astellas Pharma Inc. of Japan and Medivation Inc. of the United States. Notably, Xtandi was developed at a US university with the support of taxpayer-funded grants. This fact grants the federal government the authority to revoke the drug’s patent if the terms are deemed unreasonable, as stated in the letter issued on Monday.

The letter, signed by prominent figures including Senator and presidential candidate Bernie Sanders, Senator Elizabeth Warren, and Representative Elijah Cummings, highlights the concern that charging higher prices to US residents compared to individuals in other countries fails to meet the obligation of making the invention accessible to the American population on reasonable terms.  Full Story

High Priced  Cancer Drugs: No Morality at All

Amid ongoing discussions regarding scientific approaches, targeted populations, and healthcare outcomes, a challenging ethical dilemma arises—when does the extension of a few additional months of life become justifiable in the face of increasing healthcare costs? Should there be an unrestricted approach to paying for an expensive vaccine if a family wishes to prolong a relative’s life as much as possible? If not, how should limits be determined, and who should be responsible for making such decisions?

“This is an enormous dilemma. Our healthcare system is not equipped to address this issue effectively,” remarks Daniel Callahan, PhD, President Emeritus of the Hastings Center, a bioethics institute, and author of “The Roots of Bioethics: Health, Progress, Technology, Death.” “If we allocate $100,000 to a drug that offers limited survival time, what are the opportunity costs? Unfortunately, we are currently unable to make such calculations.”

 

 

There is significant resistance to considering cost as a factor. Many doctors are reluctant to discuss costs with their patients, and they are not obligated to do so. As a result, we are faced with a challenging problem. To address costs, we must stand in the way of individuals and families and their desires for what they believe may benefit them. Nobody wants to engage in that discussion. However, what may appear highly valuable to individuals could harm the healthcare system.

“Some people may be willing to incur financial hardships,” adds Callahan. “Pharmaceutical companies may not need to sell a large volume of drugs to generate substantial profits. This also puts insurers in a difficult position. How can they decline a $100,000-per-year vaccine that potentially provides an extra year or two of life?”

Callahan captures the essence of what he refers to as the “hype of hope and remarkable breakthroughs.” He notes that innovative medicine has operated without limits or boundaries in the past. “It’s like exploring outer space—you can always go further. We are discovering expensive ways to prolong the lives of sick individuals, and we must contemplate the essence of medicine and what is truly best for society.” ” NCBI

Other articles of interest:

American Woes Push USA towards Russia Engagement

American Woes: Forced Engagement with Russia as Worthless Dollars Persist One of the reasons the U.S has engaged Russia is ...

The Smart Investor IS buying While The Dumb Money selling

The Smart Investor Pay attention to the overall trend. The markets are selling off on low volume in general and ...

Working Poor: Masses struggle while Fed Bails Out Banksters

The Working Poor The Fed paid banks $7 billion last year to do nothing with their money. Why is the ...

India will never Dethrone China: Jim Rogers agrees, exits India

India will never Dethrone China India has had many aspirations to overtake china, but we continuously stated this nothing but ...

Syrian Army Gains Control Over Strategic Heights in Raqqa Province

Syrian Army Gains Control The Syrian Army with the precision air support from the Russians is pounding the rebels into ...

Negative Rates & The Devalue Or Die Era

Negative Rates & The Devalue Or Die Era The “devalue or die” currency wars are picking up steam; Japan’s central ...

Russian military Intervention In Syrian Civil War

Russian Military Intervention In Syrian Civil War Obama, Insane Erdogan and the fanatic House of Saud did their best to ...

Medvedev states Merkel’s immigration policy Is Idiotic

EU Immigration Policy is Broken We agree quite wholeheartedly and are surprised it took someone of authority this long to ...

Next American Disaster: Student Debt

Calamities are of two kinds: misfortune to ourselves, and good fortune to others. Ambrose Bierce [color-box color="blue"]Student debt is increasing ...

Europe Migrant Crisis: Merkel insists on European solution

Europe Migrant Crisis Grandma Merkel is up to her neck in problems and they are not going to get better ...

The Mindset Of A Terrorist: It’s Quite Dark and Evil

The Mindset Of  A Terrorist In order for ISIS on any other terrorist organization to gain traction it has to ...

China’s Graft-Busting Efforts an Inspiration to Africa

Cracking Down on Corruption: China's Unyielding Efforts to Combat Graft China has been actively implementing measures to combat corruption within ...

Trump and Syria: Trump’s Shifting Strategy

Trump and Syria. Mission Uncertainty Amidst Oil Field Deployment In Syria, there is an ongoing struggle to clarify the mission of ...

Gossip News Or Breaking News That Matters

Gossip News or Real News: That's The Question Most websites are happy only to recycle gossip news and pass it ...

Navigating the Education Bubble: Bursting the Myths of Higher Learning

Popping the Illusion: Unveiling the Education Bubble One of the critical ingredients for any crisis is greed; there are several ...

Why everyone should own some Gold & Silver Bullion  (June 12)

1st World Corporate America & Third World Regular America (27 May)

Negative rates will fuel the biggest Bull Market rally in History (25 May)

Millennials being squeezed out of Housing Market (20 May)

 

American Woes Push USA towards Russia Engagement

American Woes: Forced Engagement with Russia as Worthless Dollars Persist One of the reasons the U.S has engaged Russia is ...

The Smart Investor IS buying While The Dumb Money selling

The Smart Investor Pay attention to the overall trend. The markets are selling off on low volume in general and ...

Working Poor: Masses struggle while Fed Bails Out Banksters

The Working Poor The Fed paid banks $7 billion last year to do nothing with their money. Why is the ...

India will never Dethrone China: Jim Rogers agrees, exits India

India will never Dethrone China India has had many aspirations to overtake china, but we continuously stated this nothing but ...

Syrian Army Gains Control Over Strategic Heights in Raqqa Province

Syrian Army Gains Control The Syrian Army with the precision air support from the Russians is pounding the rebels into ...

Negative Rates & The Devalue Or Die Era

Negative Rates & The Devalue Or Die Era The “devalue or die” currency wars are picking up steam; Japan’s central ...

Russian military Intervention In Syrian Civil War

Russian Military Intervention In Syrian Civil War Obama, Insane Erdogan and the fanatic House of Saud did their best to ...

Medvedev states Merkel’s immigration policy Is Idiotic

EU Immigration Policy is Broken We agree quite wholeheartedly and are surprised it took someone of authority this long to ...

Next American Disaster: Student Debt

Calamities are of two kinds: misfortune to ourselves, and good fortune to others. Ambrose Bierce [color-box color="blue"]Student debt is increasing ...

Europe Migrant Crisis: Merkel insists on European solution

Europe Migrant Crisis Grandma Merkel is up to her neck in problems and they are not going to get better ...

The Mindset Of A Terrorist: It’s Quite Dark and Evil

The Mindset Of  A Terrorist In order for ISIS on any other terrorist organization to gain traction it has to ...

China’s Graft-Busting Efforts an Inspiration to Africa

Cracking Down on Corruption: China's Unyielding Efforts to Combat Graft China has been actively implementing measures to combat corruption within ...

Trump and Syria: Trump’s Shifting Strategy

Trump and Syria. Mission Uncertainty Amidst Oil Field Deployment In Syria, there is an ongoing struggle to clarify the mission of ...

Gossip News Or Breaking News That Matters

Gossip News or Real News: That's The Question Most websites are happy only to recycle gossip news and pass it ...

Navigating the Education Bubble: Bursting the Myths of Higher Learning

Popping the Illusion: Unveiling the Education Bubble One of the critical ingredients for any crisis is greed; there are several ...