The prices of cancer drugs are increasing in the market. A group of doctors proposed a formula for all the patients to decide if the medicine was worth its cost or not and it calculated how beneficial it would be. This was the most recent effort by the American Society of Clinical Oncology. The Memorial Sloan Kettering Cancer Center, New York, had posted an online tool with its price, benefits and side effects. Dr Peter Bach, the director of the Health Policy and Outcome said that they have broken all the benefits and helps to make the consumers more rational. The new cancer drugs costs more than $10,000 per month and the patients have to pay more to the copays and the deductibles.
The drugs that they have developed make use of expensive technology but it could not make much difference. Michael Porter, an economist, said that many a times patients are aware of the cost of drug, its side effects and many other things. This formula helps the patients to get more benefits. Treatments are given to improve the chance of survival and it can even worsen your condition when you are affected by cancer. This treatment is very effective as it improves the survival time or makes the condition worst. This drug can improve your survival time. However, it can make your hands numb. All the cancer patients can get this tool from the United Health Care insurer.