A panel of 1,218 patients and survivors nationwide diagnosed with or treated for cancer in the last seven years repoted making significant changes to their finances in response to the costs of their care:
Cancer is one of the most expensive medical conditions to treat in the United States. Cancer patients may receive multiple types of treatments, including surgery, radiation therapy, and systemic treatment, and may be hospitalized. Cancer patients with health insurance are paying higher premiums than in the past. They are also paying more for copayments, deductibles, and coinsurance.
Because of a cancer diagnosis, cancer patients and survivors may experience:
References:* Financial Toxicity After a Cancer Diagnosis - It's Impact & Factors » Triage Cancer | Finances-Work-Insurance * Financial Toxicity (Financial Distress) and Cancer Treatment (PDQ®)–Patient Version - NCI* Digging Out of Debt for Cancer Survivors (curetoday.com)* The Financial Toxicity & Burden of Cancer Treatment - The Pink Fund* Survivor Views: Cancer & Medical Debt | American Cancer Society Cancer Action Network (fightcancer.org)* New Survey Reveals 44% of Current and Former Patients Living With Cancer Say Cost Was a Factor in Treatment Decisions; 55% Reported Feeling Depressed Over Financial Burden - HealthyWomen