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Escalating Drug Prices Not a Concern for All
While the PBM Express Scripts declared plans to bring cancer drug plans down, the drug manufacturers and investors aren't too worried about the high cost of some of the specialty drugs, according to this article in Bloomberg.
President Barack Obama, prominent cancer doctors and health insurers are all warning about the need to control the surging prices of new drugs.
Drugmakers and their investors aren’t acting worried at all, especially when it comes to cancer medicine. In the wake of AbbVie Inc’s $21 billion pact to buy the maker of a $100,000-a-year leukemia drug, the pharmaceutical industry and Wall Street are signaling they don’t expect the brakes on pricing any time soon in the oncology field. Companies that are developing cancer drugs rose in reaction to both the deal and regulatory approval of a $12,500-a-month treatment from Bristol-Myers Squibb Co for treating a lung malignancy.
“Oncology is a different ballgame,” AbbVie Chief Executive Officer Rick Gonzalez said in an interview. “You’re talking about life and death for these patients, it is not something you want to randomly start to manage in a way that would create risk for those patients.”
Link to the complete article in Bloomberg: http://bloom.bg/1AXvtBI
Stuck in Prior Auth Purgatory: The Hidden Costs of Health Care Delays
June 19th 2025Delays, denials, and endless paperwork—prior authorization isn’t just a headache for providers; it’s a barrier for patients who need timely care, explains Colin Banas, MD, MHA, chief medical officer with DrFirst.
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Culture Key to Data Collection of Sexual Orientation and Gender Identity in Cancer Care
June 23rd 2025This research highlights the key factors, like leadership buy-in, mandatory protocols, and electronic health record workflows, that influence the effective collection of data on sexual orientation and gender identity in outpatient oncology clinics to improve patient-centered care.
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