Sumary of One key study highlights how cancer-drug prices continue to rise in the US – even if they don’t elsewhere:
- There is increasing interest in the federal government in lowering prescription drug prices.
- US cancer-drug prices are rising faster than inflation, while European countries’ are falling.
- As the federal government considers a plan to lower the price of some costly drugs, researchers have found that while US cancer-drug prices consistently rise faster than inflation, our European counterparts have seen prices fall.
- A JAMA Oncology economic evaluation of cancer-drug prices in the US, England, Germany, and Switzerland (conducted by a group of researchers that included Dr. Kerstin Vokinger of the University of Zurich and Dr. Aaron Kesselheim of Harvard Medical School) suggests that the problem might be especially acute in cancer-drug pricing.
- Drug prices keep going up in the US The study, published in July, found that between 2009 and 2019, 74% of the 65 cancer drugs the group looked at increased in price faster than the rate of inflation.
- The median monthly treatment cost rose from $5,790 in 2009-10 to $14, 580 in 2018-19. Meanwhile, only 13% of drugs in Switzerland, 2% of drugs in England, and zero drugs in Germany experienced similar price increases that rose faster than the inflation.