I never did get a chance to post this release about how high costs of cancer treatment negatively effect patients. Pattie and I are both helping with this cause–cancer patients should be concentrating on getting better, not stressing over medical bills and future expenses!
December 2, 2009 12:00 PM EST
66% of Patients with Major Financial Challenges Suffer Depression/Anxiety, 29% of Patients Delay Filling Prescriptions Due to Financial Pressures, and 22% Skip Doses According to Study
PHILADELPHIA–(BUSINESS WIRE)– New data being released today by the Association of Oncology Social Work (AOSW) demonstrate the extraordinary financial hardships that often complicate or compromise a patient’s battle against cancer. Sixty-three percent of oncology social workers surveyed said that financial issues reduce patients’ compliance with their cancer treatment – even though that treatment is key to their recovery. Forty percent of patients reported depleting their savings, while almost 30% reported dealing with bill collectors. More than half of patients and caregivers (54%) with a major/catastrophic financial burden said that it has become more difficult to afford treatment for cancer in the past year.
“Managing the costs of cancer treatment is difficult for many patients and families coping with cancer, and may cause distress and worry and make it more challenging to follow their doctors’ prescribed treatment course,” said Carolyn Messner, president of the Association of Oncology Social Work.
The survey results are part of an ongoing effort by the Association of Oncology Social Work to increase understanding and support for people with cancer and their families. AOSW was formed in 1984 and is dedicated to the enhancement of psychosocial services to people with cancer and their families to help them cope with the practical, financial, emotional and social concerns of living with cancer.
More than two-thirds (68%) of cancer patients and caregivers surveyed reported that the patient is experiencing financial hardship due to medical bills, and 55% of all cancer patients surveyed say the stress of dealing with costs negatively affects their ability to focus on their recovery. Statistics are based on a new national study of 169 cancer patients, 131 caregivers and 153 social workers.
“Our survey findings demonstrate that the number of cancer patients dealing with financial concerns about their care, especially out-of-pocket costs, is on the rise,” said Mary Ann Burg, Social Work Oncology Research Group Director, AOSW. “The data also show that social workers are well trained and experienced with helping patients and their families find the resources and support they need to cope with cancer, especially the growing financial burdens associated with living with cancer.”
Although most patients report experiencing cost-related psychosocial stresses that social workers are adept at helping manage, only one-third (34%) of patients report actually utilizing a social worker as a resource.
Findings show that nearly all cancer patients, including those with blood cancers such as multiple myeloma, consider effectiveness before all other factors when determining their treatment plan and rank the cost of treatment last in their decision-making process when initially diagnosed. However, new data show that the stress related to finances can impact compliance and potentially present serious consequences. Consider these statistics from the survey:
— Treatment costs negatively impact the ability to focus on recovery for
87% of patients with catastrophic/major financial burdens due to cancer
treatment, and 75% of these patients constantly worry about financial
issues due to cancer treatment
— Almost half (46%) of patients who have experienced a financial burden
from their cancer have cut back on necessary expenses, such as food, to
pay for cancer treatment
— 24% of respondents indicated that they suffered a relationship issue in
their efforts to afford cancer treatment
— 6% sold a home or relocated due to the financial stress, and 3% had
their homes foreclosed
— 56% of patients with a financial burden were not at all prepared to
handle the financial burden of cancer, while only 7% indicated they were
completely prepared for it
“Ideally, we would not burden catastrophically ill cancer patients with large co-payments for their treatment,” said health economist Louis Garrison, Ph.D., University of Washington. “Out-of-pocket cost shouldn’t be a major factor in cancer treatment selection, but they are an issue that many patients now face and are often a consideration and a component of treatment discussions.”
Only 36% of patients have discussed the cost of treatment with their oncologist, and only 16% of patients and caregivers report that they believe their oncologists give a lot of thought to the financial implications of treatment they prescribe. In fact, only about half of patients feel comfortable speaking with health professionals about financial issues.
Sixty-nine percent of social workers see themselves as cancer patients’ primary resource when dealing with the financial concerns of their cancer treatment. The majority of social workers surveyed indicated that they have a significant impact in helping oncology patients handle their cancer-related financial problems.
“Social workers can help patients reduce overall stress related to cancer treatment costs and care, but not all oncology settings employ social workers, and few employ sufficient numbers of social workers to allow for all patients to have sufficient access to the full range of supportive care social workers can provide,” adds Burg.
Other important survey facts:
— Half of all caregivers agree that they try to shield patients from the
financial aspects of cancer treatment
— Social workers report that relapsed patients have a much better
understanding of the treatments and medications covered by their
insurance versus newly diagnosed patients, signaling that the more that
patients deal with their insurance plans, the greater their
understanding of their treatment options.
— Multiple myeloma patients are spending almost twice as much on
prescription drugs as the average cancer patient
Feel good, keep smiling and good luck with your cancer-related finances!
Pat & Pattie