Almost half of new cancer patients in the U.S. lose their entire life savings

  • According to a new study published in the American Journal of Medicine, 42% of new cancer patients lose their entire life savings in two years because of treatment.
  • The same study found that 62% of cancer patients are in debt because of their treatment.
  • In the US, the total medical costs for cancer are $80 billion.

According to a new study published in the American Journal of Medicine, 42% of new cancer patients lose all of their life savings in two years because of treatment. The average amount a cancer patient lost was $92,098.

After tracking 9.5 million cancer patients from 2000 to 2012, researchers also learned that 62% of all cancer patients are in debt because of their treatment, and 55% of them owe at least $10,000.

www.insider.com/half-cancer-patients-lose-their-entire-life-savings-2018-10