The number of adults and children being diagnosed with cancer in the U.S. continues to rise. Statistics from the National Cancer Institute indicate that new cancer cases will increase to 22 million within the next two decades. Expenses related to cancer are projected to reach an astonishing $158 billion by the year 2020.
There are many costs that individuals with cancer and families with a child battling cancer must consider. These expenses can include cancer treatments (which can cost more than $100,000 a year), surgeries, doctor visits and hospital stays, to name a few. Even for those with insurance, out-of-pocket expenses caused by cancer can range from $25,000 to $30,000 a year, proving it’s not only those without insurance who are struggling to afford medical bills.
How Can Crowdfunding Help?
Medical expenses are currently the largest cause of bankruptcy in the U.S., with medical debt accounting for 62 percent of all personal bankruptcies. Clearly the high cost of cancer has a role to play in this statistic. Many cancer survivors and families of cancer patients suffer from vast amounts of medical debt, so running a successful crowdfunding campaign can make a huge difference in their lives and help them overcome financial hardships.
“Given the limited resources available, crowdfunding can provide an important vehicle for families to get support from their community and beyond,” says Jenny Mosier, founder of the Defeat DIPG Foundation. “The costs inflicted on a family during a battle with childhood cancer can be exorbitant. It is not only the out-of-pocket costs for medical expenses, but also the fact that many families have a reduced income due to their child’s battle.”
Crowdfunding for cancer-related expenses is a simple and effective way to receive donations and support from family, friends and people all over the world. With the click of a button, you can utilize the power of social media networks and easily share your fundraiser on Facebook and Twitter, and with all of your email contacts. There are several key points that will contribute to the overall success of your fundraiser, such as naming your fundraiser well, uploading high-quality photos and videos, consistently sharing on social media, and regularly updating your fundraiser.
According to reports, about 1,658,370 new cases of adults with cancer are said to have been diagnosed in 2015. The financial stress caused by the costs of cancer can be overwhelming, especially for those who must give up their job because they are too ill. On top of medical bills, they will now have to worry about paying their basic living expenses as well. There are more than 100 different types of cancer. We’ve narrowed down the three most common adult cancers and associated costs.
- Breast Cancer
Breast cancer iforms in the tissues of the breasts. Breast cancer occurs in both women and men, although it’s rare for a male to develop the disease. One in eight women will develop invasive breast cancer in their lifetime. The cost of medical expenses during the first year of a breast cancer diagnoses is around $23,000, with a yearly average cost of $3,000.
- Prostate Cancer
Prostate cancer iforms in the tissues of the prostate, a gland found in the male reproductive system below the bladder and in front of the rectum. One in seven men will develop prostate cancer in their lifetime. The cost of medical expenses during the first year of a prostate cancer diagnosis is around $19,000, with a yearly average cost of $3,000.
- Lung Cancer
Lung cancer forms in the tissues of the lung, most commonly in the cells lining air passages. The two main types of lung cancer are small cell lung cancer and non-small cell lung cancer. Around 6.6% of men and women in the U.S will develop lung cancer in their lifetime. The cost of medical expenses during the first year of a lung cancer diagnosis is about $61,000, with a yearly average cost of $8,000.
According to statistics from the National Cancer Institute, each year there are an estimated 15,780 children (age 0-19) diagnosed with cancer in the U.S. The average cost of a hospital stay for a child with cancer is a staggering $40,000. Almost five times the amount of hospitalizations for other pediatric illnesses. Many children receive cancer treatment at hospitals or medical centers far from home. Therefore, families will incur many additional expenses, such as travel, lodging, transportation and food. The costs associated with childhood cancer leaves families with huge financial burdens, often forcing them to exhaust entire savings accounts or max out credit cards. There are many types of childhood cancers. The following are the three most common.
The most common type of pediatric cancers are leukemias. Leukemias are cancers of the bone marrow and blood, and generally leukemia is a cancer of the white blood cells. However, some leukemias start in other types of blood cells. Leukemias account for 30 percent of all cancers in children, with the most common types being acute lymphoblastic leukemia (ALL) and acute myeloid leukemia (AML).
- Brain Cancers
The second most common type of pediatric cancers are brain cancers, which account for about 15 percent of pediatric cancers. Diffuse intrinsic pontine gliomas (DIPG) account for 10 percent of childhood central nervous system tumors, and 300 children are diagnosed with it every year. DIPG is a very aggressive, difficult to treat brain cancer, with life expectancy being only eight months after diagnosis.
The third most common pediatric cancers are lymphomas. Lymphoma is a blood cell cancer that originates in the body’s lymphatic system, which is part of the immune system and includes the lymph nodes, bone marrow and spleen. Lymphomas are classified as either non-Hodgkin’s and Hodgkin’s. Of these two types, non-Hodgkin’s is the more common lymphoma in children, accounting for 60 percent of pediatric lymphomas, and occurs most often in children between the ages of 10 and 20.
For further information on childhood cancer and how crowdfunding can help, be sure to read our Crowdfunding for Kids With Cancer blog post.
Start Fundraising for Cancer Today
In addition to raising funds for medical expenses, people who have recently overcome their battle against cancer may wish to raise money for cancer research or awareness, while families who may have lost a loved one to cancer may set up a fund to benefit a cancer organization as a way to honor the deceased.
For strategies to help you run a successful campaign, be sure to read our Cancer Fundraising Ideas blog post.
To get started, create your free fundraiser and begin receiving donations to fight cancer.