In recent years, the cost of cancer care has increased dramatically. As of right now, the cost of cancer care for one month can range anywhere between $10,000 and $60,000. The costs are leaving one third of working cancer survivors in debt and out of that one third, 3 percent end up filing for bankruptcy within a year.
The risk of debt increases the younger someone is. This is due to lower income and higher debt rates. In the end, prices rack up with drugs, hospitalizations, examinations, radiation treatments and more. As time progresses, new drugs keep coming out and the prices on these medications are higher than ever before.
If you or someone you love is fighting cancer, you should advise them to seek out resources from the American Cancer Society, as well as consulting with a financial counselor or social worker. With the right resources, one can plan their finances during treatment so that when it is over, they can get back to work without the stress.