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Article #221: Live Poor or Die Early: How Serious Illness Treatment Can Drain Your Life Savings

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Many families in America have been more than $12,000 out-of-pocket towards
affected by medical bills and costly his treatments and medication. Frank has
prescription medications associated with also had to finance several of the
Serious Illness. People say that you treatments he has taken.
can't put a price tag on human life, but Despite Frank's apprehension towards his
can you reach the point where you are high health care costs he plans to
just preventing the inevitable? Where continue to fight the cancer to be true
holding on for just a few years or months to his families wishes. "I told him the
is going to produce years of financial best thing that we could ever have is him
hardship on your family? alive," said Liliani Beck (Franks
As horrible as it seems, there are people daughter), to USA Today. Frank walks 2
who have and will be faced with a miles a day to keep his strength up and
decision such as this one. Experts at stay in the best shape possible.
the Medco Drug Trend Report say that in Health care costs are hard to combat
the last year the cost of biotech drugs because the United States is the only
to treat serious or terminally ill modern country that does not have price
patients rose 22%. Even with a good controls on their prescription
health care provider or Medicare, medication. Alan Holmer, the president
patients can easily spend over $10,000 in and CEO of Pharmaceutical Research and
the first year on prescription Manufacturers of America says, "The
medication. According to a report in the principal problem with price controls is
journal Cancer, one in five patients miss you have limitations on access to
or delay treatment because of financial medicines, and you don't have the newest
complications and if uninsured, nearly most innovative treatments." But when
70% miss or delay treatment and 43% went asked in a report by ABC's John McKenzie,
without vital medication. "representatives of the pharmaceutical
Frank Beck is 62 years old and is industry could only identify eight drugs
suffering from an advanced form colon not available on Canadian shelves, and
cancer that usually claims its victims in three of those are contraceptives." On
less than 2 years. In an interview in top of not having price controls, the
USA Today Frank said, "You add all these pocket books of American drug companies
things up and you say, how can I justify are so deep, they have a heavy influence
that? Am I taking money away from on the laws that are passed. Even Dan
everybody else just so I can be around a Burton, the state representative from
little longer? ...My children tell me I'm Indiana said, "There's no question in my
worth it, but I don't know." Frank cost mind that the (FDA) is too dependent on
his health care plan and family more than the pharmaceutical industry for their
$150,000 in his first six months of attitudes and decision-making.
therapy and estimates that he has paid






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