A new study reports that Americans lose around $2.3 billion every year receiving and waiting for cancer treatment. The study is the first ever to put a price tag on the intangible costs of cancer treatment.
The study, published by the Journal of the National Cancer Institute in January, examined the trials of more than 750,000 cancer patients 65 and older on Medicare as they traveled to, waited for and underwent treatment for some of the most common cancers afflicting Americans. The scientists assigned a value of $15.23 -- the median
The scientists found that victims of ovarian cancer spend about 368 hours in the first year receiving treatment; lung cancer patients traveled, waited and were treated for 272 hours; and those with kidney cancer lost 193 hours in the first year after diagnosis.
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Time spent treating cancer costs Americans billions each year
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