Tragic waste of money! Treatment of Age-Related Macular Degeneration: How Medicare Pays!
Avastin | | $ 30 to $50 per dose | | (Manufactured, then prepackaged/compounded by pharmacists - Currently in effect) |
Lucentis | | $ 2,000 per dose | | (Manufactured) |
The new special reimbursement code for Avastin, which is to be in effect soon, is $7.20 per dose. This is below cost for pharmacists and physicians. If Avastin is used, health professionals lose money. If ophthalmologists use Lucentis, Medicare pays for it all and YOU lose money!
This new policy�
- �gives ophthalmologists a financial incentive to switch to Lucentis for which they will be fully reimbursed.
- �provides a lot more money for Genentech (the manufacturer).
- �involves about one million injections per year.
- �will cost about $1.2 billion per year if treated with Lucentis.
- �will cost about $60 million per year if treated with Avastin.
FDA Panel Votes for Fampridine SR for MS
The FDA announced that Acorda Therapeutics Inc.'s experimental multiple sclerosis drug, Fampridine (4-aminopyridine), appears to be safe and effective. The FDA panel voted in favor of the company's Fampridine-SR as a treatment to improve patients' ability to walk.
The FDA is scheduled to make a decision about this drug by October 22.
(Editors Note: This drug has been widely compounded over the past 20 years)
http://www.forbes.com/feeds/ap/2009/10/14/business-health-care-providers-us-fda-panel-acorda-therapeutics_7002479.html
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