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U.S. Doctors Choose a $2000 Drug Instead of a $50 Alternative to Treat Eye Condition

Posted By admin On December 9, 2013 @ 6:12 am In Featured Stories,Money Watch,Tile | Comments Disabled

Peter Whoriskey and Dan Keating
Washington Post [1]
December 9, 2013

The two drugs have been declared equivalently miraculous. Tested side by side in six major trials, both prevent blindness in a common old-age affliction. Biologically, they are cousins. They’re even made by the same company.

Image: Doctor (Wikimedia Commons).

But one holds a clear price advantage.

Avastin costs about $50 per injection.

Lucentis costs about $2,000 per injection.

Doctors choose the more expensive drug more than half a million times every year, a choice that costs the Medicare program, the largest single customer, an extra $1 billion or more annually.

Full article here [1]


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[1] Washington Post: http://www.washingtonpost.com/business/economy/an-effective-eye-drug-is-available-for-50-but-many-doctors-choose-a-2000-alternative/2013/12/07/1a96628e-55e7-11e3-8304-caf30787c0a9_story.html

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