Cost of cancer in the United States to go up, up, up
Source: www.medscape.com Author: Nick Mulcahy Because of the growth in the number of older Americans, there will be 18.1 million cancer survivors by 2020 in the United States — 4.3 million more than in 2010. And the associated costs of cancer care will be $157.77 billion — $33.20 billion more than in 2010, according to a new study published online January 12 in the Journal of the National Cancer Institute. However, these long-term cost projections assume that the incidence, survival, and annual costs remain the same, note the study authors, led by Angela Mariotto, PhD, from the National Cancer Institute. Dr. Mariotto and her colleagues also crunched the numbers in the event of an annual increase in costs. They estimate that the cost of care might increase annually by 2% in the initial and last-year-of-life phases of care. If such increases happen, then the total cost in 2020 is projected to be $173 billion, a 39% increase from 2010. These are conservative numbers, even with the 2% increase in annual costs, said a healthcare policy expert not involved in the study. The projected 2% annual cost increase should be considered a "lower bound or minimum estimate," Gary Lyman, MD, MPH, told Medscape Medical News. He is a senior fellow at the Duke Center for Clinical Health Policy Research in Durham, North Carolina. "The true increase in the cost of cancer to patients, families, and society is likely to be considerably greater over this period." The study's scenarios seem unlikely because [...]