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This drug costs $84,000 – And there’s nothing the US health-care system can do to stop it

The first thing Philip Mason noticed was the hair loss. The 73-year-old retiree, a former computer programmer, began shedding hair from his arms, legs, everywhere on his body. “It just all came right off,” he said. After the hair loss came weight loss; Mason dropped from 150 to 125 pounds. He felt weak and sick. Mason, who is blind and already used a white cane to get around, began having falls. He switched to a walker for more stability.

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Biosimilars: The New Class Of Drugs That Can Help Cut Costs

Healthcare spending represents the single-largest share of the U.S. federal budget in fiscal year 2014—coming in at a whopping trillion dollars.

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[Kaiser Health News] Costly Hepatitis C Treatments Help Drive 12 Percent Drug Spending Jump

After several years of modest increases, American spending on medications is projected to shoot up by 12 percent this year, pushing the nation’s drug bill to between $375 billion and $385 billion, according to a report by the IMS Institute for Healthcare Informatics.

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Prescription Drug Spending Will Reach $1.3 Trillion – That’s Trillion – By 2018

It appears that spending on prescription medicines will continue to defy the laws of gravity, according to a new report from IMS Health Institute for Informatics.

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