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"Life styles of the rich and famous."
Saltz calculated for the average, 165 pound American patient, the drug would cost $1,009,944 per year for 26 doses. With a 20% Medicare copay, that's a whopping $201,988 out-of-pocket for a single year of treatment!Jul 6, 2015.
Prices have increased more than tenfold (2) between 2000 (average price $5,000-$10,000 per year) and today (average price of new cancer drugs exceeds $120,000 per year).
• The average price of cancer drugs is increasing by about $8,500 (3,4) a year. The average household income today for a family of four is $52,000, down 8% from a decade ago (2015)
This chart shows the top 5% of households (red line), whose inflation-adjusted household income has soared by nearly $200,000 (112%) since 1967. Compare this to the bottom 60% of households (three lines at the bottom), whose incomes have booked tiny gains, with the bottom 20% gaining just $2,900 in household income over the past 50 years:
"And that's the way it is":
Walter Cronkite's nightly sign off .