Economic Impact on Cancer

The financial costs of cancer are high for both the person with cancer and for society as a whole. The Agency for Healthcare research and Quality (AHRQ) estimates that the direct medical costs (total of all health care costs) for cancer in the US in 2014 were $87.8 billion.58% of this cost is for hospital outpatient or doctor office visits, 27% of this cost is for inpatient hospital stays. These estimates are based on a set of large-scale surveys of individuals and their medical providers called the Medical Expenditure Panel Survey (MEPS).  One of the major costs of cancer is cancer treatment. But lack of health insurance and other barriers to health care prevent many Americans from getting optimal health care. According to the US Census Bureau, about 29 million people (9%) in the US were uninsured in 2015.The percentage of uninsured ranged from 3% in Massachusetts to 17% in Texas.

 

  • Medical Expenditure Panel Survey
  • Large-scale surveys of individuals
  • Agency for Healthcare research and Quality

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