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Is This Cancer Treatment Worth It? New Tool Offers Patients Data

  • Elite hospital consortium to rate oncology drug affordability
  • Scale rates cost, effectiveness, side effects, clinical trials

For the first time, a consortium of top U.S. cancer hospitals will provide patients with guidance about the cost of drugs used in their treatment, helping address a concern for many people undergoing a major medical event -- what the financial repercussions of their condition are.

The information will supplement summaries the group has provided for 20 years on the effectiveness, side effects and evidence backing the therapies. The guidelines are being issued during a national conversation about the cost of drugs that has become a focus of Democratic presidential candidates and weighed on biotechnology stocks.