“A cancer diagnosis can be a serious financial hardship for many elderly and disabled patients on Medicare, with annual out-of-pocket costs ranging from $2,116 to $8,115, on top of what they pay for health insurance, a new survey shows.
“The research, published in the journal JAMA Oncology, tabs hospitalizations as a major driver of the out-of-pocket costs. Cancer contributes more to US health care costs than any other disease, researchers say.
“‘The spending associated with a new cancer diagnosis gets very high quickly, even if you have insurance,’ says Lauren Hersch Nicholas, assistant professor of health policy and management at Johns Hopkins University’s Bloomberg School of Public Health.
“The health shock can be followed by financial toxicity.” Click here to read this article in its entirety at Futurity.org.