KEY TAKEAWAY: Surpising, was how STST news referred to the pharma reputation study that seemed to indicate that pharma’s reputation is intact. Those patients, and caregivers, who experience the damage of high drug prices know first hand how the costs of certain drugs can drive them into bankruptcy.
POST SUMMARY: Spending on cancer medicines represents less than 1 percent of all health care spending for all diseases —$25.9 billion out of $2,800 billion. Cancer medicines represent 20 percent of total spending on cancer care. But don’t let facts get in the way of a good media story.