Cancer Patients Twice As Likely to File for Bankruptcy
May 15, 2013 - 3:52:41 PM
The study also found that younger people with cancer experienced the highest bankruptcy rates across all cancer types and up to ten times the rate of bankruptcy filings than older age groups.
The researchers linked data from National Cancer Institute's SEER (Surveillance Epidemiology and End Results) program, the national LexisNexis repository, and the bankruptcy database of the US Bankruptcy Court for the Western District of Washington. "Although the risk of bankruptcy for cancer patients is relatively low in absolute terms, bankruptcy represents an extreme manifestation of what is probably a larger picture of economic hardship for cancer patients," conclude the authors. "As a policy issue, there may be a role for employers and governments in creating programs or incentives to reduce the likelihood of financial insolvency, given that bankruptcies are 'lose-lose' events for debtors and creditors alike.
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