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Posts with tag profits

Drug profit cuts force oncologists to find funding

Limits are being placed on profits doctors can make on some cancer drugs, causing oncologists to search for new income. Some fear these physicians may resort to prescribing additional treatments for some patients. Not just any treatments, though -- just the ones with the best reimbursements.

Until 2005, Medicare paid a markup of 20 to 100 percent for many cancer drugs. In 2005, Congress changed the reimbursement system to pay physicians just six percent more than the average price for a given treatment. This decrease has made it difficult for small practices to break even on cancer drug purchases because the purchases are not large enough to receive rebates or discounts from drug manufacturers.

According to a recent New York Times article, some oncologists have attempted to increase profits by performing chemotherapy more often, ordering more diagnostic scans, and by putting pressure on patients to make out-of-pocket drug co-payments.

Say it isn't so.

Thought for the Day: It all seems so wrong

Business is business. Maybe it's about making a difference in the world of consumers but mostly, it's about making money. I get that -- and if I owned my own company and offered some sort of product, surely my goal would be to reap a financial reward. And if I wanted to increase my reward, I guess I would consider new markets, new advertising, and new techniques for hauling in loads of cash.

So I see what's going on with the new Camel No. 9 cigarettes, in their hot-pink fuscia and minty-teal green packages with the slogan Light and Luscious. I understand this brand is targeting female smokers with enticing wording that Camel maker R.J. Reynolds executives say is meant to suggest dressed to the nines, putting on your best. I even get that it's a pretty savvy strategy. But somehow, it all seems so wrong.

In a world where more women die of lung cancer than breast cancer -- by a large margin -- how can anyone, even business people whose sights are set on profits, feel OK with the decision to encourage women to smoke?

Think about these passages that just recently published in a New York Times article:

Wall Street analysts praise the introduction of Camel No. 9, in regular and menthol flavors, as a further step by the R. J. Reynolds, a unit of Reynolds American, toward a new marketing strategy. The goal is to refocus on the biggest, most popular -- and most profitable -- brands, which include Kool as well as Camel.

"What we're about is giving adult smokers a choice," says one executive, "with products we believe are more appealing than existing products." The introduction of Camel No. 9 is part of plans to "focus on products that are 'wow,' " she added, "that add fun and excitement to the category."

Fun and excitement? Believe me, there's nothing fun and exciting about cancer. Now if I could only package that truth and market it to the world. I suspect I'd be a rich woman -- and I don't mean financially.

Organized awareness just a click away

If you like organization and you like pink and you like your purchases to make a worldly difference, the Ampad Breast Cancer Awareness Filing Folder Kit may be just up your alley.

This kit comes complete with 12 letter size pastel pink folders and 12 pastel pink hanging file folders for the on-line price of $15.30, plus shipping. A portion of all profits are donated to the National Breast Cancer Foundation in support of breast cancer research and education.

Hallmark offers breast cancer greeting card for free

Each year, Hallmark offers a specially-designed, one-of-a-kind greeting card in honor of breast cancer awareness month to remind women of the importance of early detection. Consumers can join the cause -- Cards for the Cure -- by picking up these cards at Hallmark Gold Crown retail shops and by sending them to women in their lives. Cards are available while supplies last through October 31. And they are free.

Hallmark has supported the Susan G. Komen Breast Cancer Foundation for eight years now -- and in addition to the Cards for the Cure initiative, Hallmark offers several items for sale and will donate 10 percent of profits to the Komen Foundation. The breast cancer awareness gift collection includes an exclusive CD by Grammy award winner and breast cancer survivor Olivia Newton-John, a keepsake angel ornament, note cards, a pink suede journal, and pink champagne glasses.

Breast cancer awareness is a personal initiative for those at Hallmark. It has touched family and friends and employees and customers. And so they are commitment to the cause. And they have already made a difference with the $2.3 million they have donated over the years to the Komen Foundation.

Saks Fifth Avenue launches Key to the Cure campaign

Glenn Close is the 2006 Entertainment Industry Foundation (EIF) ambassador to the Saks Fifth Avenue Key to the Cure campaign. Oscar de la Renta is the 2006 designer of the Key to the Cure t-shirt -- available now at Saks Fifth Avenue stores for the price of $35. For each t-shirt purchase, $31 will benefit EIF's Women's Cancer Research Fund. T-shirts are available on-line and in retails stores everywhere.

All Saks Fifth Avenue retail stores and Saks.com will contribute to Key to the Cure by donating 2 percent of all profits during October 12-15. Off Fifth stores will donate 1 percent of profits during the same time period to benefit local and national women's cancer charities.

Key to the Cure is a women's cancer initiative founded in partnership with EIF's Women's Cancer Research Fund. The program receives on-going support from Mercedes-Benz USA -- set to donate one million dollars to the cause. EIF is the entertainment industry's leading charitable organization and has shared hundreds of millions of dollars in support of critical issues facing our society. Like breast cancer.

Concert benefit held for headline-making Abraham Cherrix

Teenager Abraham Cherrix made national headlines recently with a legal battle that earned him the right to fight cancer on his own terms. Cherrix, 16, who chose to treat his disease with alternative treatments after traditional therapy failed to cure him of Hodgkin's disease, was told by the courts that his choice was not acceptable -- that he must undergo higher doses of chemotherapy in combination with radiation and followed by stem cell transplant. Cherrix ended up a winner in court and is currently receiving the therapy of his choice. But despite the legal win, Cherrix and his family are losing financially.

The Cherrix family owns a kayak company in Virginia, and spring and summer are peak seasons. Since the family had to close shop on many occasions due to court appearances, profits suffered. So on Sunday afternoon, local musicians headlined a fundraising concert -- billed as Voices for Choices -- to help with medical and court costs. Cherrix could not attend -- he's in the midst of treatment in Mississippi -- but the show went on. And while the money raised is not enough to cover all outstanding bills, it is enough to remind the family of all the caring people in the world.

Reports from family indicate Cherrix is doing well with treatment and that his tumor is shrinking. If he continues to make progress, he may be able to return home soon -- so he can thank those whose support is so much more than money can buy.

Eat at Chili's tomorrow and fight childhood cancer

Tomorrow -- Monday, September 25 -- is the day when every dollar you spend at Chili's restaurants will be donated to St. Jude's Children's Research Hospital. So treat yourself to a meal out tomorrow -- and treat the kids at St. Jude's to some hope for a healthy future.

Donate All Our Profits Day is Chili's way of creatively conquering childhood cancer. This fundraising effort will benefit the development of Chili's Care Center -- a St. Jude's building dedicated to groundbreaking research on brain tumors. The center is scheduled to open in Fall 2007.

Chili's doors will be open for lunch and dinner tomorrow. So abandon your plans for cooking today and let Chili's cater to your every wish -- while you sit back, relax, and quietly make a difference in the lives of sick children.

Helping St. Jude's Children's Hospital never tasted so good

Chili's restaurant is the place to be on September 25 -- because 100 percent of profits earned on this day will go to St. Jude's Children's Research Hospital -- the only hospital for sick children that does not require anyone to pay for treatment. So fundraising is key -- and Chili's has cooked up all sorts of creative ways to help conquer cancer in children.

Besides Donate All Our Profits Day, Chili's is sponsoring a program called Creativity for a Cause -- where customers make a donation and then color a rendering of a pepper. The coloring sheets are displayed at participating restaurants in a chain-like fashion, hanging from the ceilings. Create a Pepper gift cards are also available. For every $25 spent on gift cards, Chili's will donate $1 to St. Jude's. And t-shirts -- black with a white pepper gracing the front -- can be purchased for $12. Kids can even have fun on-line with Chili's crafty creations, including an interactive pepper coloring activity.

All this fundraising goes hand in hand with the development of the Chili's Care Center -- a St. Jude's state-of-the-art building dedicated to groundbreaking research on brain tumors. The center is scheduled to open in Fall 2007 -- thanks to Chili's professionals who over the course of 10 years have donated a historic $50 million to St. Jude's.

Cancer drugs getting too expensive?

In USA Today, Prices soar for cancer drugs, are some disturbingly stunning and eye-opening facts regarding the current cost of cancer drugs and an examination of where the costs might be headed. For example, Avastin, a newer drug used to treat colorectal cancer, costs about $50,000 dollars a year in treatment. That price is expected to go to $100,000 dollars a year if Avastin is approved to treat breast and lung cancers. It would be an understatement to say cancer patients and insurance companies are concerned. It's an uneasy feeling.

Some cancer drugs can cost $10,000 dollars a month for a single drug. The average monthly cost for a prescription cancer drug is estimated at $1,600 dollars. Without insurance, few could afford to buy life saving drugs and the consumer has to be sitting precariously perched at the mercy of insurance companies to keep funding the medicine. I think it would be safe to say that any cancer patient among the 45 million uninsured Americans is going without much-needed  medications if they have to come up with the money to buy the drugs. At these prices it is not possible.

"These costs are out of control," says Fran Visco, president of the National Breast Cancer Coalition, which is planning a conference focused on drug costs in the fall. "We can't allow it to continue." Who is going to stop the drug companies from charging what they want?

"It's really exploiting the desperation of people with a life-threatening illness," says Marcia Angell, former editor of The New England Journal of Medicine.

I just posted about quacks who exploit the desperation of cancer patients. While I do not equate drug companies with that jailed quack specifically, there seem to be more bad guys than the obvious scoundrels who prey on vulnerability. I don't have the answers but I am pessimistic about how this turns out for the cancer patient. I have yet to see anything in our society fall in price. I don't begrudge a business of profit -- but this is starting to look like a free-for-all and forget who might be hurt along the way.  What do you think?

Coldwater Creek newest sponsor of Race for the Cure

There are many proud sponsors of the Susan G. Komen Breast Cancer Foundation Race for the Cure -- American Airlines, Yoplait, Ford, Kelloggs, New Balance, Ultra Quilted Northern, Remax, Sun Chips, and Zeta Tau Alpha Fraternity. And new this year is Coldwater Creek -- a company that specializes in women's apparel, jewelry, accessories, and gifts. Tucked away in Sandpoint, Idaho, Coldwater Creek offers merchandise through a number of retail stores across the country, through direct-mail catalogs, and through their website too. And now they offer something more -- the IN PINK Collection. Ten percent of each purchase from this collection of clothing and accessories goes directly to the Susan G. Komen Breast Cancer Foundation. And for each visor purchase, 100 percent of the profits are donated.

At Coldwater Creek, more and more women are being touched by breast cancer -- employees, co-workers, family members, friends, and customers. Breast cancer is a widespread disease that needs widespread support. So those at Coldwater Creek are reaching out and joining the ranks of supporters. And they are giving back to the many women who have supported them over the years. One small step by one company can make a world of difference.

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