In The United States, 42% Of New Cancer Patients Lose Their Life Savings

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The cost of healthcare in America is exorbitantly high, especially for those facing the worst of ailments.

The physical, emotional, and social costs of battling cancer are inexplicably draining. But the financial costs of treatment, as a [study](https://www.amjmed.com/article/S0002-9343(18%2930509-6/fulltext) published in The American Journal of Medicine found, are perhaps the most unforgiving and heartbreaking of them all.

In a situation that the researchers called “financial toxicity” in the paper’s title, 42.4 percent of the 9.5 million cancer patients examined between 2000 and 2012 exhausted their life savings on treatment, Big Think reports. Meanwhile, another study published in Jama Oncology found that over 33 percent of a sample of 300 cancer patients ended up paying more than anticipated for their care and treatment—an incredibly stressful situation for somebody already battling a life-threatening illness.

Similarly, a 2016 macroanalysis of 45 studies revealed that over 60 percent of patients report going into debt because of costly treatments. Over 50 percent of all cancer patients in the United States "experienced house repossession, bankruptcy, loss of independence, and relationship breakdowns." And to make matters worse, nearly 85 percent of patients stop working for up to half a year, further straining their financial situations.

Read the full story here.

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