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Cancer treatment is one of the most financially lucrative sectors in the pharmaceutical industry

Published by Connealy, MD on September 24, 2024

Cancer treatment is one of the most financially lucrative sectors in the pharmaceutical industry

Cancer treatment is one of the most financially lucrative sectors in the pharmaceutical industry, generating more revenue than any other category of prescription or over-the-counter (OTC) drugs.

Global spending on cancer medicine increased to $223 billion in 2023, $25 billion more than 2022, and is projected to reach $409 billion by 2028.

Despite this massive financial investment, the survival rates for many types of cancer remain modest. While treatments have improved for some cancers, such as breast and prostate, other types like pancreatic and lung cancer continue to have five-year survival rates as low as 10-20%.

The U.S. spends an excessive amount on cancer care compared to other countries, often without seeing better outcomes. 

Despite pouring billions of dollars into treatment, the U.S. lags behind many nations in terms of survival rates. For instance, in Switzerland, cancer care costs about $51,000 per patient compared to $150,000 in the U.S., yet the Swiss mortality rates from cancer are 5% lower. There are obvious inefficiencies in the U.S. healthcare system. Unfortunately, higher spending doesn’t necessarily translate into better results.

  • Grey Region (Countries with lower spending and mortality than the U.S.): Countries like Switzerland, Japan, and South Korea spend less than the U.S. and have lower mortality rates. This suggests these countries are more efficient in their healthcare spending and achieve better outcomes.
  • Blue Region (US spending $1-5 million per life saved): Countries in this region (e.g., Germany, France) are where the U.S. spends between $1 million and $5 million more per life saved. However, these countries often have lower death rates than the U.S. This suggests that despite spending more, the U.S. doesn’t always achieve better outcomes.
  • Orange Region (US spending >$5 million per life saved): Countries like Italy and Canada are in this region. The U.S. spends significantly more (over $5 million) per life saved compared to these countries, yet still doesn’t have better survival rates.

Pharmaceutical companies have a strong financial incentive to continue developing and promoting expensive cancer therapies. While the intention of developing cutting-edge treatments is commendable, there is a growing concern that financial motives may overshadow the need for more effective, affordable solutions.The discrepancy between spending and outcomes in cancer care suggests that the U.S. treatment model is deeply flawed. Despite pouring billions into advanced therapies and technologies, the survival rates for many cancers remain subpar compared to countries that spend far less.

I believe this is because standard cancer treatment leans heavily on chemotherapy, radiation, and immunotherapy. This approach tends to be reactionary—focusing on treating the disease after it has progressed rather than taking proactive measures to prevent it in the first place. While these therapies can show promise in controlled lab environments, they often don’t translate into the same success in real-world clinical practice, and they come with hefty price tags.

The future of cancer treatment must include a more balanced approach—one that emphasizes the development of innovative therapies while also ensuring affordability and long-term survival gains. To truly prevent recurrence and improve outcomes, we must focus on addressing the root causes of cancer. This means investing in prevention strategies and therapies that target the underlying contributors to cancer growth, such as chronic inflammation, immune dysfunction, and metabolic imbalances. Treatments should be evaluated on their ability to promote long-term remission, enhance quality of life, and support overall well-being. 

I believe it is possible that we can develop a more comprehensive and effective model for cancer care that offers sustainable improvements.

My vision for cancer treatment includes a mix of innovative therapies and natural treatments. These can be more inexpensive than conventional therapies, and often come with fewer side effects:

  • nutritional therapy
  • sunlight / red light
  • bio-identical hormones
  • repurposed drugs
  • hyperthermia
  • hyperbaric oxygen 
  • cryotherapy
  • immunotherapy
  • low-dose chemotherapy
  • estrogen blockers when needed
  • IV therapy
  • baking soda
  • ozone
  • photodynamic therapy
  • emotional support
  • surgery when necessary

These treatments aren’t magic bullets; like anything in life, there are pros and cons to each approach. However, by addressing the underlying factors that fuel cancer growth, and using well-researched natural remedies alongside advanced therapies, we can improve outcomes for patients. There are many options available, and costs vary based on individual needs, but integrative medicine fortunately provides affordable options.

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