Cancer costs $895 billion annually. Comparatively, heart disease costs $753 billion. Nothing else comes close, with traffic accidents and diabetes each costing about $204 billion.
“The price for one year of life increased to $139,100 in 2005 and $207,000 in 2013.”
The biggest financial impact is in terms of loss of life and productivity, in which cancer accounts for 1.5 percent of global gross domestic product (GDP) losses. The AICR estimates Americans lost 83 million years of healthy life because of cancer deaths and disabilities in 2008.
More than half a million Americans die of cancer, the second-leading cause of death in the U.S., every year.
To breakdown the direct healthcare costs, the Agency for Healthcare Research and Quality (AHRQ) estimated cancer cost Americans $88.7 billion in 2011. Of that cost:
- 50% came from hospital outpatient or doctor office visits
- 35% came from inpatient hospital stays
- 11% came from prescription…
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