JUN 09, 2016 5:25 AM PDT

The High Cost of Cancer


When cancer treatment is talked about in the news, it's usually because there has been a new breakthrough in research, or something new about the disease has been discovered. What about after the discoveries though? Once a drug or treatment has been approved, is it easily available to all who might need it? Not always. A new report on what cancer drugs can cost is highlighting an aspect of a cancer diagnosis that patients and their families live with, but most people do not see: the financial implications.

A report from the IMS Institute for Healthcare Informatics recently found that globally approximately $107 billion, with a "B", was spent in 2015 alone on cancer medications. Estimates suggest that number could rise. By 2020, spending on cancer drugs could conceivably reach $150 billion worldwide. The increase is due to cutting edge research that, while valuable, is also pricey. Another factor is the rise in patients. More people are surviving cancer, for longer periods of time, so treatment costs are going up. While the news about recent developments in targeted cancer therapies and drug discoveries is positive, the cost of treating cancer needs to be addressed as well.
About the Author
English
I'm a writer living in the Boston area. My interests include cancer research, cardiology and neuroscience. I want to be part of using the Internet and social media to educate professionals and patients in a collaborative environment.
You May Also Like
NOV 12, 2020
Plants & Animals
Noise Pollution Threatens Norway's Orcas
NOV 12, 2020
Noise Pollution Threatens Norway's Orcas
Orca pods heavily depend on vocal communication for survival. Their unique ability to communicate with other pod members ...
DEC 10, 2020
Plants & Animals
3M Helps Solve Polar Bear Tracking Problem
DEC 10, 2020
3M Helps Solve Polar Bear Tracking Problem
As climate change continues to alter the Arctic landscape, polar bear research becomes more urgent. Observing animals in ...
FEB 09, 2021
Earth & The Environment
Scientists Spotlight Dangers of Ocean Noise Pollution
FEB 09, 2021
Scientists Spotlight Dangers of Ocean Noise Pollution
Many ocean species use sound to communicate and survive. Sound is a crucial communication method since vision is limited ...
MAR 09, 2021
Plants & Animals
Study Highlights Importance of Chinook Salmon to Endangered Orcas
MAR 09, 2021
Study Highlights Importance of Chinook Salmon to Endangered Orcas
Many issues plague the iconic orcas of the Pacific Northwest United States, including declining salmon populations. ...
APR 09, 2021
Plants & Animals
Speedbumps Reduce Endangered Red Colobus Deaths
APR 09, 2021
Speedbumps Reduce Endangered Red Colobus Deaths
The endangered Zanzibar red colobus is a rare primate that lives only in the Zanzibar archipelago. New research from Ban ...
JUL 09, 2021
Space & Astronomy
Cluster of Free-Floating Planets Captured by Kepler Telescope
JUL 09, 2021
Cluster of Free-Floating Planets Captured by Kepler Telescope
The Kepler Space Telescope has captured evidence of mysterious free-floating planets, or planets that are alone in deep ...
Loading Comments...