For many survivors, getting cancer treatment has been a matter of life and debt
Almost one in four American cancer survivors said they struggled to pay medical bills, according to a new CDC report, and one third have worried about their out-of-pocket medical costs. The average out-of-pocket spending for the estimated 16.9 million cancer survivors in the country is also significantly higher than the $622 that people without a cancer history have spent annually. What’s more, 25% said they had to borrow money, go into debt or file for bankruptcy to cover medical expenses.
Colorado Cancer Center researchers surveyed 872 survivors ages 18 to 39 in one of the largest studies of work-related risks in young adult survivors ever conducted. They found that 14.4% borrowed more than $10,000 for treatment, and 1.5% said they or their family filed for bankruptcy over their illness and treatment. And those who underwent chemotherapy were more than three times as likely to borrow more than $10,000.
Anoushka Mirchandani worked through her treatment when she was diagnosed with Stage 4 Hodgkin lymphoma two years ago, which included six months of chemotherapy followed by three months participating in a clinical drug trial. Related: Cancer survivors like Shannen Doherty share the struggle to keep their jobs through treatment
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