Expensive Cancer Drugs: A Comparison Between The United States And The United Kingdom

822 words - 4 pages

Research Assignment Article: Expensive Cancer Drugs: A Comparison between the United States and the United Kingdom.

The article that I will do an overview on is entitled: Expensive Cancer Drugs: A Comparison between the United States and the United Kingdom. The article compared the United Kingdom’s and the United States experience with cancer drugs and how expensive they can be due to medical technologies. This article also discusses the differences between the two countries access to new cancer drugs and their cancer outcomes. Most think that the wealthy can buy their way to new medical technologies and treatments but is this true? This article breaks down how it is possible for the ...view middle of the document...

S can get it for. The drug is paid for by private insurance or out of pocket.
Oncology drugs are now the best-selling class of drug, having surpassed lipid regulators. Last year, oncologic drugs had annual sales in the United States of $19.2 billion, according to figures from IMS Health (Plymouth Meeting, Pennsylvania). Sales have increased more than 4-fold in the past 10 years, from less than $5 billion in 1998 to the current level (www.medscape.com/viewarticle). In the United Kingdom, the National Institute for Clinical Excellence (NICE) has established a maximum threshold of £30,000 per quality-adjusted life-year (QALY). This means that the cost of a patient's drug treatment should not exceed this amount, which is equivalent to about $55,000, for a year of healthy survival. The threshold works on a cost-effectiveness principle — the greater the benefit of a drug, the more money allotted for the drug (www.medscape.com/viewarticle).
In the United States access to licensed expensive cancer drugs differ from the United Kingdom because the U.S has multiple payers who use different standards and processes to determine whether expensive cancer drugs should be purchased and reimbursed. The United Kingdom only has the NHS and a small private market. Because of the wide variety of payers in the U.S it makes it difficult to characterize the access and financing of expensive cancer...

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