How Oncologists Lie About Their Profits From Chemotherapy Drugs

Executive Summary

• The average markup on chemotherapy drugs by cancer centers is published and known.
• This does not stop oncologists from providing false information on the topic.

Introduction

In this article, we get analyze quotes from an oncologist on the margins of chemotherapy drugs. Before reading this article, you can read the actual margins on chemotherapy drugs taken from studies in The Absurd Markup of Over 300 Percent on Average for Chemotherapy Drugs.

Lies From an Oncologists About Their Profits From Chemotherapy Drugs

This is from an article on an MD’s website.

Oncologist Claim #1: Oncologists Are Not Motivated by Money to Recommend Cancer?

This quote illustrates how false the information is about this topic provided by MDs.

This week I met a gentleman with an aggressive cancer. After reviewing his records, taking his history, and doing an examination, I sat down to talk with him and his wife regarding choices.

Before I could begin, his wife said, “I want you to know that we are not going to do chemotherapy, because our family doctor told us that the only reason oncologists give those poisons is to make money.” While I have heard this piece of trash talk before, for some reason it hit me hard with this particular patient, whom I was working very hard to help.

This is common among MDs, who pretend that being some of the highest-earning individuals in society is not their focus, which was not a motivation for attending medical school. But they “just want to help?”

Oncologist Claim #2: The Cancer Office Only Has a 4 to 6 Percent Margin on Chemotherapy Drugs?

The average “margin,” the extra amount of dollars that chemotherapy in the outpatient setting is charged, is between 4 and 6 percent. That means that if the drug costs the cancer office $100 to buy, the office will receive in payment about $106.

As described above, the average margin on chemotherapy drugs is 300%, not 4 to 6%.