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Financial Burden

Financial Toxicity

34% of cancer patients are forced to borrow money!

34% of cancer patients are forced to borrow money!

Several studies show that cancer patients and survivors are more likely to have financial toxicity than are people without cancer.

Cancer creates financial distress dependencies based on several factors that ultimately will develop unrecoverable household financial toxicity. 


For cancer patients and their caregivers, financial distress, medical debt, and filing bankruptcy are common. We understand that there is a tremendous financial burden placed on patients and their families when battling cancer. That is why we do our best to rid all cancer-related debt.

Key Factors That Create Financial Burdens:

  • How cancer and its treatment affect the ability to work

  • Costs related to cancer and encompassing medical bills

  • Health and disability insurance coverage

  • Debt held prior to a cancer diagnosis

  • Total household income 

  • Total assets

Financial Effects on Patients

  • Skipping or delaying doctor's visits due to co-pays or costs of travel

  • Skipping doses or taking less medication to make their prescriptions last longer

Financial instability starts to lead to poor decisions by cancer patients. Those decisions will lead to different outcomes.

 

Patients Will Often:

  • Skipping or delaying treatments

  • Not filling a prescription at all due to insufficient funds

  • Changing prescription drugs due to cost

Studies Have Shown:

Cancer patients with financial toxicity reported having a lower quality of life, more symptoms, and more pain. One study showed that some patients felt financial toxicity was more severe than physical, emotional, social, or family distress.

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Family and Friends

Family members and friends that provide care for cancer patients share the experience of financial toxicity by spending money on food, medicine, and other things the patient needs. They need to take time off from work to provide care for the patient. These actions may lead to a higher sense of burden, lower quality of life, and poorer mental health for the caregiver.

ALABAMA CANCER ASSOCIATION