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>> saltz: they're priced at well over $100,000 a year. >> stahl: wow. >> saltz: and remember that manys, most of them don't replace everything else, they get added to it. and if you figure one drug costs $120,000 and the next drug's not going to cost less, you're at a quarter-million dollars in drug costs just to get started. >> stahl: i mean, you're dealing with people who are desperate. >> saltz: i do worry that people's fear and anxiety's being taken advantage of. and yes, it costs money to develop these drugs, but i do think the price is too high. >> stahl: the drug companies say it costs over a billion dollars to bring a new drug to market, so the prices reflect the cost of innovation. the companies do provide financial assistance to some patients, but most people aren't eligible, so many in the middle class struggle to meet the cost of their co-payments. sometimes, they take half-doses of the drug to save money, or delay getting their prescriptions refilled. dr. saltz's battle against the cost of cancer drugs started in 2012 when the f.d.a. approved zaltrap for treating advanced
>> saltz: they're priced at well over $100,000 a year. >> stahl: wow. >> saltz: and remember that manys, most of them don't replace everything else, they get added to it. and if you figure one drug costs $120,000 and the next drug's not going to cost less, you're at a quarter-million dollars in drug costs just to get started. >> stahl: i mean, you're dealing with people who are desperate. >> saltz: i do worry that people's fear and anxiety's being taken advantage...
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Oct 12, 2014
10/14
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gail saltz, so thank you. >> my pleasure. >> we will have more segments online where our media coverage have a story about how nbc news thought of hiring jon stewart for "meet the press" before our chuck todd. we will have more on that. and so join us next sunday at 10:00 a.m., and if you cannot join us then, make sure you stay tune ed for candy crowley. your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us.
gail saltz, so thank you. >> my pleasure. >> we will have more segments online where our media coverage have a story about how nbc news thought of hiring jon stewart for "meet the press" before our chuck todd. we will have more on that. and so join us next sunday at 10:00 a.m., and if you cannot join us then, make sure you stay tune ed for candy crowley. your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony...
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. >> then saltz discovered how much it would cost. $1,100 per month.n. >> $5,000 to $11,000. did have it some side effects? was it toxic? anything to explain the double price? >> if anything it looks like there might be a little more toxicity in the zaltrap study. >> reporter: he contacted sloane ketteri kettering. >> the phone rang. do you remember what he said. >> he said, peter, think we're not going to include a new cancer drug because it costs too much. >> had you ever heard a response like that before? >> no. my response was i ran down. i think i took the elevator, but exactly very our own dr. david agus leads the westside medical center in california. good morning. >> good morning, charlie. >> reporter: how do pharmaceutical companies decide what to charge? >> it's whatever the market will bear. basically they choose their price. and when you have a patient with advanced cancer and an insurance company who has to pay, especially the government, they have to pay, it's an inefficient system. >> one of the most eye-opening things is when "60 minute
. >> then saltz discovered how much it would cost. $1,100 per month.n. >> $5,000 to $11,000. did have it some side effects? was it toxic? anything to explain the double price? >> if anything it looks like there might be a little more toxicity in the zaltrap study. >> reporter: he contacted sloane ketteri kettering. >> the phone rang. do you remember what he said. >> he said, peter, think we're not going to include a new cancer drug because it costs too much....
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Oct 11, 2014
10/14
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gail saltz, we appreciate you being here.asure. >>> victor. >> more on isis' advance in syria and iraq. the breaking news this morning that the provincial head in al anbar asking the u.s. to send in troops to help save anbar outside of baghdad. $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪ i have a cold. i took nyquil but i'm still stuffed up. nyquil cold and flu liquid gels don't unstuff your nose. really? alka-seltzer plus night rushes relief to eight symptoms of a full blown cold including your stuffy nose. (breath of relief) oh, what a relief it is. thanks. anytime. when a pro at any 2014 pga tour event sinks a hole-in-one, quicken loans will pay your mortgage for an entire year. that is how it's done. truly amazing! get in the hole-in-one sweepstakes. enter today at pgatour.com/quicke
gail saltz, we appreciate you being here.asure. >>> victor. >> more on isis' advance in syria and iraq. the breaking news this morning that the provincial head in al anbar asking the u.s. to send in troops to help save anbar outside of baghdad. $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that...