Economic Impact of Cancer
The financial costs of cancer are high for both the person with cancer and for society as a whole.
The National Institutes of Health (NIH) estimated the 2008 overall annual costs of cancer were as follows:
Total cost: $201.5 billion
Direct medical costs (total of all health expenditures): $77.4 billion
One of the major costs of cancer is cancer treatment. But lack of health insurance and other barriers to health care prevent many Americans from even getting good, basic health care.
- According to the US Census Bureau, about 50 million people were uninsured in 2010:
- About 10% of children in the United States had no health insurance coverage in 2010.
And according to Cancer Facts & Figures 2013, “Uninsured patients and those from ethnic minorities are substantially more likely to be diagnosed with cancer at a later stage, when treatment can be more extensive and more costly.” In fact, this leads not only to higher medical costs, but also poorer outcomes and higher cancer death rates.
This year, about 580,350 US residents are expected to die of cancer – that’s nearly 1,600 people a day. Cancer is the second most common cause of death in the United States, exceeded only by heart disease. Cancer accounts for nearly 1 out of every 4 deaths in the United States.
Cancer costs billions of dollars. It also costs us the people we love. Reducing barriers to cancer care is critical in the fight to eliminate suffering and death due to cancer.
Contact your American Cancer Society any time, day or night, for cancer information and support. Call us at 1-800-227-2345 or visit www.cancer.org.
American Cancer Society. Cancer Facts & Figures 2013. Atlanta, GA. 2013.
Last Revised: 02/01/2013