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Speaking of Drug Costs

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January 12. 2011

According to a recent analysis by researchers at the National Cancer Institute,

in 2020, medical expenditures for cancer should reach at least $158 billion (in

2010 dollars). This represents an increase of 27 percent over 2010. However, if

newly developed tools for cancer diagnosis, treatment, and follow-up continue to

increase in cost, medical expenditures for cancer could reach as high as $207

billion. The full analysis appears online today, Jan. 12, 2011, in the Journal

of the National Cancer Institute.

To project national cancer expenditures, the researchers combined cancer

prevalence (the current number of people living with cancer), with average

annual costs of care by age (younger than 65 or 65 and older). According to

their prevalence estimates, there were 13.8 million cancer survivors alive in

2010, 58 percent of whom were age 65 or older. If cancer incidence and survival

rates remain stable, the number of cancer survivors in 2020 will increase by 31

percent to about 18.1 million. Because of the aging of the U.S. population, the

researchers expect the largest increase in cancer survivors over the next 10

years to be among Americans age 65 and older.

http://tinyurl.com/4edj7qd

FYI,

Lottie Duthu

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