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View Full Version : 7/28/04 Medicare Cuts Cancer Funds



Woerner
07-28-2004, 06:32 AM
The government says it pays too much for cancer drugs administered in doctor's offices, up to 90% more, in fact. New cutbacks designed to save the government $530 million, means many cancer specialists won't be able to afford their own practice anymore. Docotors say they'll be forced to refer their patients to the hospital for treatment.

"The law called for tying reimbursements for chemotherapy drugs more closely to the price doctors, pay rather than the listed wholesale price. Doctors pay less than that price because drug companies give them substantial discounts."

"While doctors acknowledge they have been overpaid for the drugs, they maintain they have been underpaid for their practice expenses -- such as nurses, equipment and treatment rooms."

To read more go to:http://www.detnews.com/2004/health/0407/28/health-224811.htm