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The Surprisingly High Cost of Beating Cancer

The rising cost of treating cancer affects many patients.

Even as scientists have made great strides in the treatment of cancer, the soaring costs of treatments are decimating the savings of cancer survivors, sending many into a downward spiral of bankruptcy, depression and physical decline.

A new study by researchers at the Virginia Commonwealth University in Richmond found that nearly one in three U.S. cancer survivors are confronted with daunting financial burdens, loss of the ability to work, transportation problems and disruptions in their households. And survivors are more likely to incur mental health problems and suffer physical decline.

The millions of cancer survivors in this country no doubt are grateful for medical advances that have saved their lives, or even simply extended them by a few months. Yet the personal financial implications for many of those survivors – including those with health insurance – often are staggering.

“We found that cancer survivors with three or more financial problems had clinically meaningful differences in their physical and mental health-related quality of life and were two to three times more likely to report depressed mood and six to eight times more likely to worry about cancer recurrence,” Hrishikesh P. Kale, a PhD student in pharmacoeconomics and health outcomes and the lead author of the study, told Reuters.

Moreover, for those who lose their jobs while undergoing extended treatment, that can mean the loss of healthcare insurance as well, further compounding the problem. In many cases, the spouses of cancer victims must take time away from work as well to care for their husbands or wives.

Read Full Article: The Surprisingly High Cost of Beating Cancer | The Fiscal Times

Read Full Article: The Surprisingly High Cost of Beating Cancer | The Fiscal Times

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