An article posted by Science Daily explains how current bankruptcy records correlate with cancer registry data. Is it any surprise? Apparently, the study detailed in the article shows that as compared to the general population, bankruptcy rates were almost twice as high for cancer patients just one year after diagnosis. Scott Ramsey, M.D., Ph.D., a health care economist and internist at Fred Hutchinson Cancer Research Center, led this particular study, explaining that:
“Patients diagnosed with cancer may face significant financial stress due to income loss and out-of-pocket costs associated with their treatment…On average, bankruptcy rates increased fourfold within five years of diagnosis.”
The Cancer Foundation of Northeast Georgia’s entire mission is dedicated to alleviating the financial stress associated with a cancer diagnosis, and this article is a great example of why our mission is so important. Cancer is already a stressful experience to endure. Add to it the huge increase in financial responsibilities, and someone could experience the perfect storm.
Our Financial Assistance Program provided over $79,000 to local cancer patients in 2011. $79,000! We are doing everything in our power to alleviate excess stress from the lives of the patients we serve, and we couldn’t do it without your help. So thank you for being a part of our program and continuously supporting CFNEGA’s mission.
To learn more about how to get involved or donate, check out our website.