According to statistics, about 1,658,370 new cancer cases are expected to have been diagnosed in 2015. As the number of cancer cases in the U.S. continue to rise, the cost of treatment is on the rise as well—with medical costs for cancer projected to reach a whopping $158 billion by the year 2020. Cancer drugs alone can easily cost $120,000 a year, and these steep drug prices often cause 10 percent to 20 percent of cancer patients to either compromise or skip their prescribed treatment altogether.
There are various costs associated with having cancer to consider, such as doctor visits, travel and basic living expenses for those who must resign from their jobs if they become too ill to perform their regular duties. Out-of-pocket expenses for those with insurance can run anywhere from $25,000 to $30,000 a year, which is one of the reasons why people diagnosed with cancer are more than 2.5 times more likely to declare bankruptcy than those without cancer. In the infographic below, we’ve detailed many important facts and statistics about this harrowing disease and the financial burdens caused by the costs of cancer.
If you or a loved one is in need of assistance with medical expenses due to cancer, you can create a free crowdfunding campaign in minutes and start raising donations today.