Economic Impact of Cancer
The financial costs of cancer are high for both the person with cancer and for society as a whole.
The Agency for Healthcare research and Quality (AHRQ) estimates that the direct medical costs (total of all health care costs) for cancer in the US in 2014 were $87.8 billion.
- 58% of this cost is for hospital outpatient or doctor office visits
- 27% of this cost is for inpatient hospital stays
PLEASE NOTE: These estimates are based on a set of large-scale surveys of individuals and their medical providers called the Medical Expenditure Panel Survey (MEPS). Estimates were accessed directly from the MEPS website, www.meps.ahrq.gov/mepsweb/.
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 getting optimal health care.
- According to the US Census Bureau, about 29 million people (9%) in the US were uninsured in 2015.
- The percentage of uninsured ranged from 3% in Massachusetts to 17% in Texas.
And according to Cancer Facts & Figures 2017, “Uninsured patients and those from many ethnic minority groups are substantially more likely to be diagnosed with cancer at a later stage, when treatment can be more extensive, costlier, and less successful.”
This year, about 600,920 Americans are expected to die of cancer – that’s more than 1,650 people a day. Cancer is the second most common cause of death in the US, exceeded only by heart disease. Cancer accounts for nearly 1 out of every 4 deaths in the United States.
Cancer costs us 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.
We have a lot more information that you might find helpful. Explore www.cancer.org or call our National Cancer Information Center toll-free number, 1-800-227-2345. We’re here to help you any time, day or night.
American Cancer Society. Cancer Facts & Figures 2017. Atlanta, Ga. 2017.
Last Medical Review: January 23, 2017 Last Revised: April 14, 2017