The Economics of CANCER

The medical costs of cancer have gone up significantly during the past two decades. By one set of guesses, expenditures increased from about $27 billion. In the 90′s to above $90 bill in 2008, more than double increase even after adjusting for inflation. The heavy price of cancer treatment frequently leads to monetary difficulty for patients and their families, including those with health care insurance.

The major costs of a cancer diagnosis and treatment are for things like time in the hospital, clinic visits, medicines, tests and procedures, home health services, and the services of doctors and other professionals. Insurance, managed care, or public health care programs pay most of these costs if you are covered in such a plan.