Washington State cancer patients found to be at greater risk for bankruptcy than people without a cancer diagnosis.

  title={Washington State cancer patients found to be at greater risk for bankruptcy than people without a cancer diagnosis.},
  author={Scott D. Ramsey and David K. Blough and Anne C. Kirchhoff and Karma Kreizenbeck and Catherine R. Fedorenko and Kyle Snell and Polly A. Newcomb and William Hollingworth and Karen A. Overstreet},
  journal={Health affairs},
  volume={32 6},
Much has been written about the relationship between high medical expenses and the likelihood of filing for bankruptcy, but the relationship between receiving a cancer diagnosis and filing for bankruptcy is less well understood. We estimated the incidence and relative risk of bankruptcy for people age twenty-one or older diagnosed with cancer compared to people the same age without cancer by conducting a retrospective cohort analysis that used a variety of medical, personal, legal, and… 

For Working-Age Cancer Survivors, Medical Debt And Bankruptcy Create Financial Hardships.

Cancer survivors who were younger, had lower incomes, and had public health insurance were more likely to go into debt or file for bankruptcy, compared to those who were older, had higher incomes and had private insurance, respectively.

Risk of Bankruptcy among Applicants to Disability Insurance

Being allowed onto the SSDI program was associated with a decreased risk of bankruptcy, and the association was negative and statistically significant for all age groups, including older applicants nearing eligibility for Medicare.

What is the actual prevalence of medical bankruptcies

An improved understanding of the types and magnitudes of medical debts which precipitate a bankruptcy filing can lead to policies that improve outcomes for bankruptcy filers and reduce the social costs of bankruptcy.

Financial toxicity in cancer care—Edging toward solutions

In this issue of Cancer, Zheng et al have added further information to enrich the understanding of the financial challenges faced by cancer survivors and propose that programs similar to Medicare should be developed that expand equitable access to care and prescription drug coverage in the nonelderly population.

The Cost and Financial Burden of Thyroid Cancer on Patients in the US: A Review and Directions for Future Research.

Novel frameworks for new research are proposed by improvements in data sourcing and utilization, study design, and pilot interventions on cost controls to understand how out-of-pocket thyroid cancer-related expenditures transition to various forms of debt, how households finance ongoing costs of care, and rates at which debts are sent to collection agencies.

Is Cancer History Associated With Assets, Debt, and Net Worth in the United States?

Cancer history is associated with lower asset ownership, more debt, and lower net worth, especially in survivors age 45-54 years, and longitudinal studies of financial holdings will be important to inform development of interventions to reduce financial hardship.

Understanding Financial Hardship Among Cancer Survivors in the United States: Strategies for Prevention and Mitigation.

  • K. R. YabroffC. BradleyY. Shih
  • Medicine, Political Science
    Journal of clinical oncology : official journal of the American Society of Clinical Oncology
  • 2019
Patients with cancer and their families experience financial hardship associated with cancer, including problems payingmedical bills, distress and worry about medical bills, and delaying or forgoing of medical care because of costs.

Financial Hardship Associated With Cancer in the United States: Findings From a Population-Based Sample of Adult Cancer Survivors.

Cancer survivors, especially the working-age population, commonly experience material and psychological financial hardship.

Insurance Coverage, Employment Status, and Financial Well-Being of Young Women Diagnosed with Breast Cancer

It is found that a breast cancer diagnosis in young women can result in employment disruption and financial decline, and patients with some college education, multiple comorbidities, late stage diagnoses, and self-funded insurance were most vulnerable.

Medical Debt as a Cause of Consumer Bankruptcy

In his 2009 State of the Union Address, President Barack Obama pleaded with Americans to support healthcare reform, stating, “This is a cost that now causes a bankruptcy in America every thirty



The financial burden of cancer: estimates from a study of insured women with breast cancer.

Estimates of the costs incurred by a cohort of breast cancer patients who were covered by private, Medicare, or Medicaid health insurance indicate that even among women with comprehensive health insurance policies, the financial burden of Breast cancer can be substantial.

Managing Medical Bills on the Brink of Bankruptcy

It is found that financially distressed families significantly reduce their liability to medical providers before filing for bankruptcy, and credit cards and home equity lines of credit play an important role in shielding providers from the full consequences of being creditors in bankruptcy.

The personal financial burden of cancer for the working-aged population.

Estimates of the effect of cancer care on out-of-pocket medical expenditures and lost productivity for the working-aged population are presented to ensure that those diagnosed as having cancer and other serious medical conditions will not be doubly burdened with poor health and high medical expenditures.

Indirect economic effects of long-term breast cancer survival.

Preliminary empirical findings suggest that breast cancer exacts an economic toll from long-term survivors, and Clinicians and policy makers must seek ways to minimize the indirect economic losses that are attributable to breast cancer.

National estimates of medical costs incurred by nonelderly cancer patients

An important assumption embedded in this final step is that Medicare expenditures and reimbursements for cancer care are a good proxy for spending by and payments from private payers, and reimbursement rates tend to be higher.

The (Interconnected) Reasons Elder Americans File Consumer Bankruptcy

  • D. Thorne
  • Economics
    Journal of aging & social policy
  • 2010
Quantitative and qualitative data from 381 elder bankruptcy respondents who participated in the 2007 Consumer Bankruptcy Project suggest that overwhelming interest and fees on credit cards, illnesses and injuries, income problems, aggressive debt collectors, and housing problems are the leading reasons that elder debtors file bankruptcy.