As prices soar, doctors propose tool to help patients decide if cancer drugs are worth it

Lifestyle and Budget Associated Press

A doctors group is proposing a formula to help cancer patients decide if a drug is worth it — what it will cost them and how much good it is likely to do.

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The move by the American Society of Clinical Oncology is the latest of several recent efforts to focus on value in cancer care.

New drugs often cost more than $10,000 a month and patients are paying a greater share through higher copays and deductibles. The group's tool is a formula doctors can work through with patients to get a bottom line on the survival benefit, side effects and cost of a new treatment or combination versus older ones.

The proposal was published online Monday by the Journal of Clinical Oncology. Patients can comment until Aug. 21.