How Does Cancer Affect The Economy

But instead of finding ways to prevent or cure cancer they pour all their funding into treating cancer. Why would they want to get rid of this money machine? The “Cancer Machine” rakes in loads of cash from chemotherapy drugs, radiotherapy, diagnostic procedures, and surgeries. The typical cancer patient will spend around 50,000 dollars fighting the disease, but if the cancer industry allows a cure then their patient base goes away along with all their funding. It makes more sense for them to keep their patients alive, but sick and coming back for more. A crazy statistic points out that “two out of three cancer patients will be dead within five years after receiving all or part of the standard cancer treatment…” It makes you wonder as to how well is this “cancer treatment”

Since there is no definite cure for cancer, billions of dollars have been spent trying to find one. On average, 4.8 billion dollars a year is spent on cancer research. Breast cancer had the most money put towards finding a cure for it at around $572.6 million dollars. Next was prostate cancer at $285.4 million. Another cancer that had a lot of money put towards research was uterine cancer at about $17.1 million. (“How Much”). Most of all of this money comes from large organizations or governments who specifically donate money for cancer research.

In an article written by oncologist Lacie Glover, her concern was about the rising cost of cancer treatment, newly approved cancer drug costs of an average of $10,000 per month, and therapy costs averaging $30,000 per month. A patient typically pays 20-30% out of pocket for drugs. Therefore, the year’s average cost of new cancer medications would $26,000-$36,000, in addition to their health insurance premiums. If you wonder why insurance premiums are constantly on the rise, reflecting on the illnesses and costs to treat them.

The CDC estimates that each year, more than eight million people are diagnosed, and consequently died from cancer, and this statistic was even higher in the 1950s. During this period, little was known of cancer’s effects on the

Cancer is a deadly disease that has some very serious effects on a person both physically and mentally. Cancer can result in a simple surgery that may take only a couple days, or a life-long struggle that leaves someone so fatigued and tired that it makes them want to give up. It will put fear in anyone's eyes and will devastate even the strongest of people, but cancer can bring out the courageousness in a person to fight this disease and not give up. It can be a fatal disease but it can also bring out the strength in someone which is an amazing thing. Cancer has many serious effects on a person's body and their mental health and others, but can also inspire a person to dig deep and fight this disease

Cancer is one of the leading cause of death in Australia and has a considerable social and economic influence on individuals, families and the community. Statistics shows that Australia has third highest cancer rate approximately 323 people being diagnosed per 100,000 in the world. (Begg & etal, 2007, pg.116). According to the recent disease study in burden of disease by WHO and Global Burden of disease study 2012, the findings of study showed 16% and 19% of the total disease burden in Australia (Moore & et al, 2007 pg.88)). Cancer is the sixth most expensive chronic disease due to the high expenditure of treatment and management compared to other chronic disease. It has been further described that approximately $4.5 billion were spent on cancer in 2008-09, accounting for 7% of total healthcare expenditure on chronic disease (Australian Institute of Health and Welfare, 2013b, p.7) and 79% of total expenditure that spent on cancer patients who were admitted in hospital which is 20% more than the same expenditure that was spent on all

Give people diagnosed with a life limiting illness, a better understanding of the different types of cancers and management of the issues they may encounter as their disease progresses.

For many types of cancers, we have been using the same base drug (first line treatment) for ten years or even longer. As companies find new drugs to fight the cancers, they hope that it will be the miracle drug that will eradicate the cancer, but it usually isn’t. When they reach this conclusion, instead of returning to the chalkboard and continuing to work to improve the drug, they put the drug on the market as is, and hope it will achieve something. Not only are they putting these drugs on the market but they put price tags on them that would bankrupt anyone without some sort of third party payer. The combination of all of these drugs make up what doctors

According to the Canadian Cancer Statistics (2015), “about 2 in 5 Canadians will develop cancer in their lifetime, and about 1 in 4 Canadians will die of cancer” (p. 6). In 1971, President Nixon and Congress declared a war on cancer. Since then, the U.S Federal government has spent over 105 billion on the effort. Dr. Spector and Dr. Kolata, a noted professor of medicine, pharmacology and biochemistry, have noted that since 1950, the cancer death rate, adjusted for the size and age of the population has decreased by only 5%. They argue that there has been little progress on the war against cancer.

Cancer is a worldwide issue that has taken the lives of numerous people we know and love. These cancer patients went through more than just the health issues. They went through many sleepless nights, day after day of not feeling well, and the pain of all the treatments that followed. Each person went through more financial burdens than any one person should have to go through. They went through much more than anyone should ever have to experience. There are thousands of different kinds of cancer out there today, but one thing that all these cancers have in common is the fact that they all cause significant financial burdens, which should not be an issue. Not even one of them is easy to go through nor is it easy for one to have to get up and

Why focus on treatment instead of finding a cure? It is simple; there is in profit in finding a cure for cancer. Desperate and eager to live, the typical cancer patient spends about $50,000 fighting the disease. Chemotherapy drugs are among the most expensive of all treatments, many ranging from $3,000 to $7,000 for a one-month supply. If the cancer industry allows a cure, then their patient base goes away (Dr. Mercola, D. (2011, January 1). Cancer: Forbidden Cures | Natural Cancer Treatment. Retrieved February 26, 2015, from http://articles.mercola.com/sites/articles/archive/2013/08/03/natural-cancer-treatment.aspx.) It makes more

As a result, the amount of money that gets propelled back into the healthcare industry skyrockets as the list of medical issues following these treatments grows more and more extensive. A study done by Dr. John Diamond shows that females who undergo chemotherapy and radiation treatments “face a 35% chance of developing breast cancer by the time they are 40, which is 75 times greater than average” (Dr. John Diamond, MD). Chemotherapy and radiation have been proven to weaken, and sometimes completely destroy, the immune system. This makes the already physically unstable patient even more susceptible to illnesses and diseases that they wouldn 't otherwise have had to worry about. Consequently, the recurrence of cancer is a very likely, and in some cases, unavoidable. But it is unacceptable that the most common and easily accessible drug is the reason why 35% of patients will develop a second cancer (haematologica.org). Many other cancers can come as a result of chemotherapy too. One study found that, "Patients who underwent chemo were 14 times more likely to develop leukemia and 6 times more likely to develop cancers of the bones, joints, and soft tissues than those patients who did not undergo

Many of them, scared of how their bodies will react to the treatments today, but also relieved that their doctors were able to find the disease and start treatments. These patients know that when they are finished with their treatments and the cancer is gone that they will be cancer free but not cured. Knowing that even though they might be cancer free when the treatments are finished, there is still the possibility that the cancer can return, making it very hard for some of these patients to keep going to their treatment appointments. Without a known cure for cancer, these patients live with the fear that one day they could wake up and their cancer will be back and frequently when this happens, the cancer returns in a form that is even worse than the first time. Everyone in the world has the possibility of being diagnosed with a form of cancer, however the average person doesn’t always think about this fear. People who have already been diagnosed with cancer at some point in their life, live with this fear every

Several methods such as surgery, radiation, and chemotherapy have been used to treat cancers. The cancer patients who are not helped

As one can see the price for one single child with cancer treatment that needs necessary care over multiple nights can be, on average, up to 6 figures in the United States (oeconline 2). Statistically, the national cost per child is about equivalent to $815,830 in 2007 dollars (oeconline 1). The average per day costs for pediatric cancer has increased consistently from 2000 to 2005 by over twenty percent, figuratively that is from $14,400 to $17,500 (Nagamine 2). Although the prices are already substantially high they are apparently still on the rise (Nagamine 2).