Posted by January 25th, 2011
The U.S. sticker price for cancer care by 2020 will likely increase at least 27% over the next decade, to a minimum $158 billion yearly by 2020, according to the National Cancer Institute.
Colorectal cancer ranks 2nd behind breast cancer in 2010 total costs of care by cancer type, and will remain one of the top 5 most costly cancers in 2020.
Projections of the Cost of Cancer Care in the United States: 2010–2020
Those are just two of many facts in an important paper published in the Jan. 19 Journal of the National Cancer Institute. The predicted costs are much higher than previous estimates because the authors used the most current cost data (2006 Medicare) which, for the first time, includes costs of expensive targeted treatments.
The study is powerful because it analyzed different scenarios and assumptions, and broke down costs of three stages of care (initial and final years, and middle years of continuing care) for each type of cancer. Read the rest of this entry »