Why Cancer Insurance?
Cancer rates in the United States continue to increase. However, more and more cancer patients are surviving due to improved treatment options. Many of these options are expensive and can be financially draining on a family, especially when you are already dealing with the emotional and physical toll of cancer.
- In the U.S., men have a 1 in 2 lifetime risk of developing cancer, and for women the risk is 1 in 3.
- About 1.4 million new cancer cases are expected to be diagnosed in 2006.
- Cancer costs Americans more than $209 billion annually.
- More than 64 percent of that amount is considered indirect or hidden costs not covered by most major medical plans.
Source: Cancer Facts & Figures, American Cancer Society, 2006.