Over the past twenty years, the cost of caring for cancer patients doubled, but still remained about 5 percent of all medical expense in the United States.
An increase in the number of people with cancer — fueled by an aging population — drove the growing expense rather than a greater cost per individual.
Expressed in 2007 dollars, out-of-pocket costs for patients and their families fell, while the costs paid by private insurance and Medicaid rose. Average Medicaid expense in from 2001 though 2005 was almost five times as high as 1987, while Medicare costs doubled. Read the rest of this entry »