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03-30-2011, 08:30 PM #1
Medicare Says It Will Pay for $93,000 Prostate Drug
March 30, 2011, 4:48 pm
Medicare Says It Will Pay for Expensive Prostate Drug
By ANDREW POLLACK
Updated: Medicare announced on Wednesday that it would pay for Dendreon’s prostate cancer drug Provenge, whose $93,000 price tag had ignited debate about the cost and effectiveness of cancer drugs.
The Centers for Medicare and Medicaid Services said in a memo posted on its Web site that Provenge was a “reasonable and necessaryâ€NO AMNESTY
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