Some Americans are facing $38,000 or even more in medical debt, the Journal found. Additionally, more cancer patients are filing for bankruptcy, which one study linked to an 80% increased risk of dying.
A separate 2016 study cited by the Journal, found that cancer patients are also more likely to make late payments on their mortgages and credit cards.
The annual cost of cancer diagnoses in the U.S. averages $41,800 per patient in initial medical costs, $5,300 annually for continuing cancer care, and around $23,500 for end-of-life care, according to a 2020 report from the American Association for Cancer Research.
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A separate 2016 study cited by the Journal, found that cancer patients are also more likely to make late payments on their mortgages and credit cards.
The annual cost of cancer diagnoses in the U.S. averages $41,800 per patient in initial medical costs, $5,300 annually for continuing cancer care, and around $23,500 for end-of-life care, according to a 2020 report from the American Association for Cancer Research.
The real cost of cancer: 49% of patients carry $5K+ in medical debt
Rising drug prices and inflation have led to a 47% increase in cancer patients accumulating debt, with some facing $38,000 or more in medical debt.
