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The National Cancer Institute (NCI) estimated that in 2010 over 207,000 women and almost 2,000 men would be diagnosed with breast cancer. These new cases would add to the 2.5 million women already living with the disease in the United States. The pervasiveness of the disease is a financial burden to society as a whole. According to NCI, the national cost of breast cancer care in 2010 for women only was $16.5 billion. This figure only accounts for the medical costs in the initial and final phases of treatment; it does not include other expenses such as lost productivity which if considered would significantly increase the financial burden of breast cancer to all Americans.

But, treating breast cancer is not only an economic issue for the country. It often causes financial strains for patients and their families. According to the California Breast Cancer Research Project the mean cost for treating the disease across all women is over $31,000 and in an October 2007 ABC News report Dr. Stephen Edge, medical director of the Breast Center at Roswell Park Cancer Institute in Buffalo, N.Y. states that “the overall cost for treating a typical breast cancer will top $50,000 or even $100,000." Even for patients with health insurance the costs of treatment can be significant.

Financial Strain of Cancer

In a 2006 study conducted by USA Today, the Kaiser Family Foundation and the Harvard School of Public Health, 25 percent of families affected by cancer said that the patient used all or most of their savings, and one in eight said they borrowed money from relatives. The study found that having health insurance throughout treatment limited but did not eliminate the financial consequences of a cancer diagnosis – one-fifth still used up all or most of their savings, 10 percent borrowed money from relatives and nine percent were contacted by a collection agency.

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