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A Humira Prescription Costs $38,000 A Year Because Our Patent System Is Being Abused

Sue Lee, 76, has plaque psoriasis, an incurable, chronic skin condition that causes itchy, painful sores. To give her some relief, Lee’s doctor prescribed Humira, a patent-protected drug with no generic option. In 2012, the drug cost about $19,000 a year. Today, it costs more than $38,000 a year. Even with Medicare, Lee, who retired...

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Study debunks notion that large chunks of Medicare go to lost causes

June 28, 2018, Massachusetts Institute of Technology Around 25 percent of Medicare spending in the U.S. occurs in the last year of people’s lives. This is sometimes discussed as a questionable use of resources: Is society throwing large amounts of medical treatment at some patients in a futile, if noble, effort to extend lives that are...