I am now taking a medication once a month to manage a symptom of a slow-growing cancer that I have. I just started Medicare last year and see by my statements that the cancer center charges my Medicare an enormous sum of money for this treatment and my oncologist says that there is not a generic equivalent that can be administered this way. Is it ethical for them to charge this sum (over $10,000) for an injection and is it morally "acceptable" for me to take this, at great cost to my fellow taxpayers?
It is very good of you to pay attention to these costs borne by others -- most people don't. Given the amount involved ($120,000 per annum), I think you should make an effort to find out more. Your oncologist says that no generic drug "can be administered this way" -- well, is there a compelling reason why it should be so administered, or would you be equally well off with the generic product administered in some other way? It is quite possible that your oncologist makes a lot more money from giving you the expensive medication rather than the cheaper one, so explore the question on the internet and perhaps also ring Medicare to get their opinion. If we all pay attention in this way, then it will be much harder for pharmaceutical companies and medical providers to overcharge the system we all pay for. If the expensive drug you are taking really is the only way to manage the symptom in question, then I would expect this symptom to be serious enough to justify this lavish reimbursement. But perhaps...
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