Currently Viewing:
Cost-Sharing Roundtable — The Patient Assistance Safety Net: How Many Need Help? How Many Are Helped?
Addressing Financial Concerns at the Outset to Improve Patient Outcomes
March 02, 2018
Financial Burden an Unintended Outcome of Cancer Care
March 02, 2018
Currently Reading
Michele McCourt Discusses Growing Financial Hardships for Patients With Cancer
March 03, 2018
Where Does the Existing Healthcare Safety Net Fall Short?
March 05, 2018
Cost-Sharing Roundtable—Introduction
March 05, 2018
Patient Education Vital for Improved Medicare Access, Say Panelists
March 06, 2018
Policy Improvement Areas to Reduce Financial Hardship
March 07, 2018
Dr Todd Yezefski Discusses Using Financial Navigator Programs
March 08, 2018
Ed Haislmaier on Policy Changes That Impact Healthcare Financial Burdens
March 09, 2018
Leigh Purvis Discusses the Burden of High Prescription Drug Costs
March 14, 2018
Ed Haislmaier: Impact of Business Coalitions on Healthcare Costs
March 23, 2018
Dan Klein on Lack of Cost Sharing in Medicare, Drugs Coming Down the Pipeline
March 27, 2018
Michele McCourt Discusses Impact of High Costs for Patients With Cancer
March 27, 2018
Kristina Wharton Analyzes the Health of the Population Using FQHCs
March 29, 2018
Dr Todd Yezefski Discusses the Financial Hardships of Cancer Treatment
March 30, 2018
Leigh Purvis on Out-of-Pocket Costs for Medicare Beneficiaries
March 31, 2018
Ed Haislmaier: Medicare Is "Stuck in a Time Warp"
April 04, 2018
Dan Klein Outlines Policy Changes to Strengthen the Safety Net
April 05, 2018
Kristina Wharton Discusses Services Provided at Federally Qualified Health Centers
April 09, 2018
Dr Todd Yezefski on the Benefits of Financial Navigators in Oncology
April 14, 2018
Ed Haislmaier on Efforts to Lower Drug Costs
April 15, 2018
Michele McCourt on Potential New Therapies for Patients With Cancer
April 17, 2018
Leigh Purvis Outlines the Burdens of High Drug Costs on Medicare Beneficiaries
April 20, 2018
Dan Klein Explains the Need for Patient Assistance Foundations
April 22, 2018

Michele McCourt Discusses Growing Financial Hardships for Patients With Cancer

Patients with cancer, many who are older and on Medicare, are finding their medications are becoming unaffordable, Michele McCourt, senior director of the CancerCare Co-Payment Assistance Foundation, explained at the Cost-Sharing Roundtable, co-hosted by the Patient Access Network Foundation and The American Journal of Managed Care®.


Patients with cancer, many who are older and on Medicare, are finding their medications are becoming unaffordable, Michele McCourt, senior director of the CancerCare Co-Payment Assistance Foundation, explained at the Cost-Sharing Roundtable, co-hosted by the Patient Access Network Foundation and The American Journal of Managed Care® on February 23, 2018.

What are the financial hardships facing patients with cancer?

Patients with cancer, because there is a lot of innovation around cancer, and there are a lot of oral targeted treatment medications, patients’ prescription coverage tends to have tiered levels of coverage. So, most of these medications fall into the specialty tier. If they are a Medicare patient, which most patients with cancer are older at this point, they have Part D issues—Medicare Part D, which has a deductible phase, a coverage gap phase, and then the catastrophic. And even when they get into the catastrophic at 5%, these patients can’t afford their medications. It can be anywhere from $500 to over $1000 a month for their medications.

How are the financial hardships changing as cancer becomes more of a chronic condition for many patients?

Cancer is becoming more of a chronic condition. It is affecting the elderly. Elderly patients are already restricted by their incomes and their coverage. Medicare with the out-of-pocket costs for Medicare patients it’s just unaffordable. There was a statistic given earlier today [at the PAN Foundation Cost-Sharing Roundtable] that said one-third of Medicare patients spend 20% of their income on medications. It’s becoming unaffordable for Medicare patients.

 
Copyright AJMC 2006-2018 Clinical Care Targeted Communications Group, LLC. All Rights Reserved.
x
Welcome the the new and improved AJMC.com, the premier managed market network. Tell us about yourself so that we can serve you better.
Sign Up