24-Hour Crisis Hotline: (877)SAFEGBC or (877)723-3422 Mental Health & Substance Abuse Issues

6502 Nursery Drive, Suite 100
Victoria, TX 77904
Fax: (361)578-5500

Financial Issues
Basic Information
CalculatorsMoney in Life ContextMoney ManagementManaging DebtInsurance & Financial Risk ManagementHousingAutomobilesInvestmentsRetirementEstate PlanningTaxesLatest News
Young Breast Cancer Patients Struggle Financially, Even When InsuredFewer American Families Weighed Down by Medical Bills1 in 5 Insured Hit With Surprise Bills for SurgeryA Quarter of Middle-Aged Americans Worry They Can't Afford Health CareAmericans Toss Out Nearly a Third of Food at HomeDespite Obamacare, Number in U.S. Who Can't Afford to See Doctor Keeps RisingFor Cancer Survivors, Financial Hardship Is Common: SurveyAs Minimum Wage Rises, Suicide Rates FallADHD in Childhood May Mean Financial Struggles LaterOut-of-Pocket Costs for Medicare Recipients Will Rise in New YearHeart Medicines Priced Out of Reach for Many AmericansAHA News: Areas Hit Hardest by Recession Saw Jump in Heart Death RatesHeart Disease Took Big Toll in Counties Hardest Hit by RecessionHealth Tip: Managing Financial StressMany on Medicare Still Face Crippling Medical BillsMany Cancer Docs Don't Discuss Costs of Pricey Gene TestsFor Seniors, Financial Woes Can Be Forerunner to Alzheimer'sConfusing Medical Bills Tied to Money Woes in Cancer SurvivorsWhen Income Drops, Young Adults' Brains May SufferHealth Insurance Premiums Are Soaring for ManyWhat Do Hospital Cyber Attackers Want to Know About You?Cancer Patients Turning to Crowdfunding to Help Pay Medical CostsPaperwork, High Costs Could Mean Worse Survival for Lung Cancer PatientsCan a Budget Make You Happier?Need Emergency Air Lift to Hospital? It Could Cost You $40,0001 in 4 Cancer Survivors Faces 'Financial Hardship' Due to Medical CostsFinancial Disaster May Prompt Self-Destructive BehaviorMost Americans Hit Hard by Medical Bills
Questions and AnswersLinks
Related Topics

1 in 4 Cancer Survivors Faces 'Financial Hardship' Due to Medical Costs

HealthDay News
by -- E.J. Mundell
Updated: Jun 6th 2019

new article illustration

THURSDAY, June 6, 2019 (HealthDay News) -- For many Americans under 65 who've battled and survived cancer, the financial fight is far from over. A new report finds that a quarter of adult survivors say they are experiencing "material financial hardship" trying to cover medical costs.

Cancer survivors with and without insurance suffered from high medical bills, according to a team led by Donatus Ekwueme, of the U.S. Centers for Disease Control and Prevention.

"The population of cancer survivors is growing, and many struggle to pay for medical care," his team concluded.

The report is based on an analysis of 2011-2016 data from a federal survey involving almost 125,000 Americans between 18 and 64 years of age. Nearly 5,000 said they were cancer survivors, with half having been diagnosed within the past five years.

Annual out-of-pocket costs were higher for cancer survivors than the general population -- averaging about $1,000 for the former and $622 for the latter, the study found.

Often, these medical bills were tough to pay.

"Financial hardship was common; 25.3% of cancer survivors reported material hardship (e.g., problems paying medical bills), and 34.3% reported psychological hardship (e.g., worry about medical bills)," the CDC team reported. Out-of-pocket spending tended to be higher for older cancer survivors and those who had more health issues.

Not surprisingly, "survivors who were uninsured were most likely to report material financial hardship," researchers said, but even the insured often found themselves saddled with high out-of-pocket expenses.

"Even many cancer survivors with private insurance coverage reported borrowing money, being unable to cover their share of medical costs, going into debt, or filing for bankruptcy," Ekwueme's group said.

And, researchers said, the number of Americans who are cancer survivors is likely to increase, along with the number facing these financial pressures. What to do?

The CDC team said more must be done to incorporate potential "financial hardship" into the care plans of newly diagnosed cancer patients "and throughout the cancer care trajectory." And when offering treatment choices, the projected cost to the patient of a particular therapy should be part of the discussion, Ekwueme and colleagues said.

Finally, the researchers called for efforts to link "patients and survivors to available resources" they might turn to for financial help.

The study was published June 7 in the CDC journal Morbidity and Mortality Weekly Report.

More information

The Kaiser Family Foundation has more on health costs.