Paying for Pills

June 9th, 2004

Posted by: admin

Forbes.com has a fascinating story by Matthew Herper on the spiraling costs of cancer drugs.

“After helping to develop some of the hottest new biotech drugs, Memorial Sloan-Kettering cancer doctor Leonard Saltz has come down with a bad case of sticker shock. The price tag for treating patients has increased 500-fold in the last decade.”

While discussing a number of specifc drugs and costs, the article does not mention the growing number of Americans without health insurance, a factor which greatly compounds the problem of drug costs. Nor does it discuss lagging health indicators in the US despite massive expenditures.

Can the US continue today’s de facto rationing of health services to wealthy customers, or will the health sciences, pharmaceuticals, and government act to foster a more equitable system?

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