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Prices of Cancer remedies are growing very rapidly. Numerous cancer patients suffer the loss of their life just because ...
Prices of Cancer remedies are growing very rapidly. Numerous cancer patients suffer the loss of their life just because they can’t meet the expense of cancer treatment. Many reasons are behind the sky scraping prices of cancer medicines:
- The Medicare Modernization Act of 2003 is one of the main causes since it thwarts the Federal government from bargaining the drug prices on behalf of Medicare.
- Patents are granted for long periods resulting in monopoly for the companies allowing them to charge exorbitantly.
- There is lack of preset guidelines for prices of medicines since neither the FDA nor Medicare that buys the maximum quantity have any say in the prices that can be charged by the manufacturer.
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