An analysis revealed that the number of patients whose medical costs exceed $1 million annually is surging, MarketWatch reported Monday.
According to the analysis of Sun Life Financial clients, the number of patients with seven-figure medical costs increased by 90 percent between 2014 and 2017, with injectable treatments such as those for rare diseases playing a major role.
"We're seeing drug claims that can be in the millions of dollars," commented Sun Life president Dan Fishbein, adding "most people don't imagine getting an $80 000 prescription, but that s relatively common now."
The report illustrated that among the 20 top prescribed drugs to patients with million-dollar medical bills, the largest share was for treatments for blood disorders, followed by cancer therapies.
The report identified consumer protections in the Affordable Care Act and earlier changes in US health policy as likely causes of the spike in spending.
"What is the level of expense that we think is appropriate to pay for breakthrough drugs," questioned Fishbein, continuing "we will have to get to a point where we ask, 'Is a $23 million drug something we want to pay for as a society?'"
To read more NewsPoints articles, click here.