Hospitals' chemotherapy drug prices are often marked up two to 10 times the cost, according to a Charlotte Observer report.
The Charlotte Observer and The News & Observer of Raleigh investigated cancer drug prices at large non-profit hospitals in North Carolina. They found high mark-ups on cancer drug prices. Independent oncology practices provide the same drugs at a significantly reduced price. However, as financially pressured oncology practices merge with hospitals, this low-cost option is diminished.
Hospitals say their higher cancer drug prices are due to several factors, including the need to shift costs to make up for losses elsewhere, according to the report. In addition, hospitals tend to treat sicker patients and more noninsured patients than independent oncology practices, according to the report.
The extent of the markups may negatively affect patient care, causing some patients to delay or forgo needed treatment, according to the report.
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The Charlotte Observer and The News & Observer of Raleigh investigated cancer drug prices at large non-profit hospitals in North Carolina. They found high mark-ups on cancer drug prices. Independent oncology practices provide the same drugs at a significantly reduced price. However, as financially pressured oncology practices merge with hospitals, this low-cost option is diminished.Hospitals say their higher cancer drug prices are due to several factors, including the need to shift costs to make up for losses elsewhere, according to the report. In addition, hospitals tend to treat sicker patients and more noninsured patients than independent oncology practices, according to the report.
The extent of the markups may negatively affect patient care, causing some patients to delay or forgo needed treatment, according to the report.
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