Cancer’s Economic Burden

When a patient learns of their cancer diagnosis, it veers them on to a new (and unexpected) path in life. This new path means navigating treatment plans – and it also creates new financial concerns for many patients. In short, cancer comes with a substantial economic burden for many patients.

Based on the latest national data gathered by the U.S. Department of Health and Human Services’ Agency for Healthcare Research and Quality, it’s very clear that cancer survivors incur significantly higher annual out-of-pocket medical expenditures than those without a history of cancer. Specifically:

  • 25% of cancer survivors report problems paying medical bills
  • 33% of cancer survivors report concerns about their medical bills
  • Financial hardship is more common among uninsured patients

BioPlus Specialty Pharmacy understands that medical bills are a growing concern for patients during cancer treatment.

This is why our financial assistance team offers concrete support for your patients as they navigate treatment. We connect your patients with financial resources, such as foundation grants and co-pay assistance programs. In just the first quarter of this year, our team connected patients with $20 million in financial assistance.

It’s why BioPlus is known for healing wallets and patients. Let us help your patients next.

Source

Ekwueme DU, Zhao J, Rim SH, et al. Annual out-of-pocket expenditures and financial hardship among cancer survivors aged 18-64 years – United States, 2011-2016. Weekly I 2019;68(22):494-9.

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