Cancer Cost: The Rising Cost of Cancer

Kaiser Family Foundation State Health Facts - Cancer Cost: The Rising Cost of Cancer

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Cancer is the #2 killer in the United States today. While deaths are declining, cancer cases are increasing. More importantly, cancer costs are rising at an exponential rate. Having adequate financial resources is the singular most leading factor when diagnosed with cancer because it enables you to have the permissible treatment that will hopefully lead to successfully beating, and finally recovering from cancer.

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Kaiser Family Foundation State Health Facts

Cancer Costs

The "Cancer/Insurance Myth", is that assurance will cover all costs linked with cancer. Agreeing to the Kaiser house Foundation, 60% of costs linked with cancer are non-medical. Many population do not realize, when they are diagnosed with cancer, it is likely they will have to go to a cancer treatment town specializing in their diagnosis, possibly frequently, that is likely across the state, or even across the country. Paying for transportation (driving or flying), hotel/lodging costs, and other trip linked costs are not covered by health insurance. Many experimental treatments, and experimental drugs that can be life rescue to person with cancer, will likely not be covered by health insurance. Although health assurance will cover a decent number of the costs, deductibles, 15%-30% coinsurance, co-pays all must be met even with coverage. A treatment that costs ,000 will still likely want everywhere between ,000-,000 in out of pocket expenses depending on coinsurance in the individuals assurance policy.

The Outcome of Cancer Costs

The fact is, most population cannot afford cancer treatments, and all of the costs that come with a cancer diagnosis. Agreeing to health Reform.Gov 1 in 4 end up using all or most of their savings paying for cancer costs. Cancer leaves the mean American with ,000 in debt, forcing many to mortgage their homes, sell cars, and other valuables so they can pay for their cancer treatment, or pay down on their medical debt because of cancer. 60% of bankruptcies in Us are medically related, with half of those being cancer related, Agreeing to the Kff.

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