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
Regular Business Hours: Monday - Friday 8am - 5pm
Every 3rd Thursday of the Month - Extended Hours Until 7 pm

Financial Issues
Basic Information
CalculatorsMoney in Life ContextMoney ManagementManaging DebtInsurance & Financial Risk ManagementHousingAutomobilesInvestmentsRetirementEstate PlanningTaxesLatest News
Crowdsourcing Raises Billions for Families Hit Hard by Medical BillsMoney Woes Hit Many Americans Early in Pandemic: StudyRadiation Rx for Prostate Cancer Can Cause Financial Pain: StudyYears Before Diagnosis, People With Alzheimer's Lose Financial AcumenPandemic Is Devastating Low-Income Black HouseholdsAlmost Half of Americans Worry About Surprise Medical Bills: PollObamacare Means 2 Million Fewer Americans Face Catastrophic Medical Bills Each YearMost American Families Facing Financial Danger During Pandemic: PollObamacare Cut Out-of-Pocket Costs, But Many Families Still Struggle: StudyMany MS Patients Struggle With Finances, Forgo TreatmentsAs Jobless Rates Climb, Study Finds Financial Stress Greatly Ups Suicide RiskMany Americans Struggling to Afford Health Care in PandemicAHA News: Can a Pay Cut Hurt Your Health?Pandemic Job Losses Leaving Many Americans Uninsured: SurveyAnother COVID Plague: Big Surprise Medical Bills for SurvivorsBreast Cancer Takes Big Financial Toll on Some Young PatientsEmergency Transport Can Surprise Many With Big Bills'Major Financial Hardship' Hits Most Patients Battling Advanced Colon CancerCosts Would Keep 1 in 7 Americans From Seeking COVID-19 TreatmentCoping With Budget Stress During the PandemicYoung 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 CareDespite Obamacare, Number in U.S. Who Can't Afford to See Doctor Keeps Rising
Questions and AnswersLinks
Related Topics

Young Breast Cancer Patients Struggle Financially, Even When Insured

HealthDay News
by -- Robert Preidt
Updated: Mar 5th 2020

new article illustration

THURSDAY, March 5, 2020 (HealthDay News) -- Financial struggles are common among young breast cancer patients in the United States, even if they have steady jobs that provide health insurance, new research shows.

The study included 830 women, aged 18 to 39, in California, Florida, Georgia and North Carolina who were diagnosed with breast cancer between January 2013 and December 2014.

Nearly half (47%) of the women had financial challenges due to the costs of their cancer care, according to the study.

The researchers found that 27.7% of the women spent less than $500 on out-of-pocket costs, 27.9% spent $500 to $2,000, 18.7% spent $2,001 to $5,000, and 17% spent $5,001 to $10,000.

To pay for their out-of-pocket costs, 81.5% of the patients used personal funds, 22.9% borrowed from family or friends, 22.7% left some medical bills unpaid, 21.7% increased credit card debt, and 18.2% postponed paying bills.

Patients without a college degree were more likely to have financial struggles than those with more education. White women were less likely to have money problems than those in other racial or ethnic groups, but those differences weren't statistically significant, the study authors noted.

Women diagnosed with stage 3 or stage 4 cancer were more likely to have financial difficulties than those with less advanced cancer.

The study was published in the March issue of the journal Cancer Epidemiology, Biomarkers & Prevention.

The findings show that many breast cancer patients who are in the early years of their careers try to maintain their jobs to keep their health insurance. But despite having insurance, they may still have financial struggles, said study author Florence Tangka, a health economist in the division of cancer prevention and control at the U.S. Centers for Disease Control and Prevention.

"A lot of women don't have a good sense of how much a cancer diagnosis will cost, including out-of-pocket costs," she said in a journal news release. "We feel that if they have cost information, they can develop better financial plans to cover their treatment expenses."

More information

Breastcancer.org has more on breast cancer treatment costs.