The Big Business Of Cancer: 100 BILLION Dollars Was Spent On Cancer Drugs Last Year Alone

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(Image: Dr. Leonard Coldwell)

If you are an American, there is a 1 in 3 chance that you will get cancer during your lifetime.  If you are a man, the odds are closer to 1 in 2.  And almost everyone in America either knows someone who currently has cancer or who has already died from cancer.  But it wasn’t always this way.  Back in the 1940s, only one out of every sixteen Americans would develop cancer.  Something has happened that has caused the cancer rate in this nation to absolutely explode, and it is being projected that cancer will soon surpass heart disease and become the leading cause of death in the United States.  Overall, the World Health Organization says that approximately 14 million new cases of cancer are diagnosed around the globe each year, and the number of new cases is expected to increase by about 70 percent over the next 2 decades.  There are very few words in the English language that cause more fear than the word “cancer”, but despite billions spent on research and all of the technological progress we have made over the years this plague just continues to spiral wildly out of control.  Why is that?

In America today, more money is spent to treat cancer than to treat any other disease by far.  In fact, according to NBC News, 100 BILLION dollars was spent on cancer drugs just last year alone…

As drug prices continue to fall under ever-increasing scrutiny, spending on cancer medicines has hit a new milestone: $100 billion in 2014.

That’s up more than 10 percent from 2013, and up from $75 billion five years earlier, according to a report published Tuesday from the IMS Institute for Healthcare Informatics.

Read more here.

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