The Financial Toxicity of Cancer Treatment

What is financial toxicity?

Financial toxicity is the emotional, mental and physically debilitating — and often life-threatening — financial side effects induced by cancer treatment.

What impact does financial toxicity have?

Financial toxicity can lead to:

  • Greater risk of mortality
  • Impaired quality of life
  • Overall poorer well-being
  • Sub-par quality of care

Evidence suggests that a considerably large proportion of cancer patients are impacted by treatment-related financial harm.

– S. Yousuf Zafar, MD, Journal of National Cancer Institute, Volume 108, Issue 5


What are the effects of financial toxicity on those in active treatment?

  • 130% increase in financial difficulties for those younger than 65
  • 67% increase in financial difficulties for those without insurance
  • 42% increase in financial difficulties for minorities
  • 37% of individuals make at least one work/career modification due to a cancer diagnosis
  • 27% of individuals report at least one financial hardship, including bankruptcy, debt, etc.

 

Sources: Dana Farber Cancer Institute, 2014 Palliative Care in Oncology Symposium, Oncology Journal, Feb. 2013

The Financial Side Effects of Cancer

Financial Toxicity

Financial-Toxicity

130% increase in financial difficulties for patients in active treatment

Job Loss

Breast Cancer Stats

Between 20-30% of women diagnosed with breast cancer will lose their jobs

Bankruptcy

Bankruptcies

10M will be unable to pay for rent, food & utilities because of medical bills

Impact on Savings

Impact on Savings

76% of full time workers nationwide live paycheck to paycheck

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