29/09/11 Cost of Cancer on the Rise
From our friends at www.riskinfo.com.au ....
A group of oncologists has issued a warning to international governments about the rising cost of cancer treatments.
The Lancet Oncology report says the number of cancer patients in the developed world is increasing, along with the cost of treating each patient, which could result in a “train crash”.
Professor Richard Sullivan, Lead Author of the report said: “The issue that concerns economists and policymakers is not just the amount of money spent on healthcare, but also the rate of increase in healthcare spending or what has become known as the cost curve.”
According to the report, prepared by 37 of the world’s leading experts, most developed countries dedicate between 4% and 7% of their healthcare budgets to dealing with cancer.
“We’re on an unaffordable trajectory,” warned Professor Sullivan. “We either need to manage and reduce the costs or the cost will increase and then inequality rises between rich and poor.”