Federal proposal endangers cancer patients
Fifteen years ago, my wife Sherie was diagnosed with stage III ovarian cancer, and our family founded the Sherie Hildreth Ovarian Cancer (SHOC) Foundation to raise funds for ovarian cancer research at OHSU.
SHOC supports research into the developments of better cancer treatments, and we believe public policies must ensure access to the best treatments for all patients in need.
That is why we are very concerned with the Trump Administration's proposal to base U.S. drug prices on those paid in 14 foreign countries.
Known as the International Pricing Index model (IPI), this idea may sound good on the surface, but tying drug prices to other countries could have serious consequences for cancer patients.
Patients across the United States had access to 95% of cancer drugs launched between 2011 and 2018.
This is not the case for countries that follow the International Pricing Index model; Britain only had access to 74% of cancer drugs launched during that period.
Even worse, cancer patients in Greece only had access to 8% of cancer drugs.
American Cancer Society Cancer Action Network has noted that the IPI "could actually make it harder for cancer patients, especially those living in rural areas, to find the right provider to treat their cancer with the right drug."
In addition, a report by the U.S Department of Commerce unveiled that IPI along with other foreign price control models hampers investment in global research and development by 11-16% annually.
In our 15 years, we have donated over $1 million to the Gynecological Cancer Lab, but that is just a small fraction of what is needed to fuel the development of more effective treatments of cancer.
Once better treatments are achieved, it is critical that those in need have access to them. This IPI proposal endangers both.
Bruce Hildreth, president of the SHOC Foundation, is a Gladstone resident. The 11th annual Drive Out Ovarian Cancer Golf Tournament is set for Sept. 6 at Langdon Farms Golf Club, 24377 N.E. Airport Road, Aurora. For more information and to register for the tournament, visit shocfoundation.org.
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