Many families experience the financial toxicity of cancer treatment.
Money is low on the list of things most people want to think about after a doctor says the scary word “cancer.” And it’s not just patients — physicians also want to weigh the best treatment options to rout the cancer, unburdened by financial nitty gritty. But a growing body of evidence suggests that, far from crass, ignoring cost could be harmful to patients’ health.
In the age of $10,000-a-month cancer drugs and health plans that shift more of the cost of health care onto patients, research suggests we’ve been underestimating one of cancer’s real harms: “financial toxicity.”
The financial difficulties that stem from dealing with cancer can lead people to avoid or delay care or drugs, studies suggest, and also may cause stress that can lead to mental and physical health problems.
“When people are diagnosed, it behooves the provider to assess their financial risk at baseline — to find out if they’re at risk, and if they are, to be very aggressive with getting them to financial planning, to patient assistance programs to reduce their likelihood of having financial devastation,” said Scott Ramsey, a health economist and physician at the Fred Hutchinson Cancer Research Center in Seattle who showed in 2013 that people with cancer are 2.65 times more likely to file for bankruptcy than people without cancer. “We think unless you do, it’ll be hard to keep people from ending up in this situation.”
Read Full Article: The burden of cancer isn’t just cancer – The Washington Post