Cancer is expensive, and with growing costs associated with the disease, the financial toll is due to climb over the next few years. In this webinar, Trevor Smith-Millar with the Canadian Cancer Survivor Network will break down the 2024 report published by the Canadian Cancer Society, explain what it means for patients and survivors, and go through what resources are available to help those with cancer weather the financial headwinds that come with the disease.
Understanding the Financial Burden of Cancer
Cancer-related expenses extend beyond medical treatment. Fatigue, depression, and cognitive issues can make it hard for patients to work, leading to income loss. Caregivers face similar challenges, often reducing hours or leaving the workforce entirely.
Out-of-pocket costs total about $7.5 billion, or nearly $33,000 per patient, including travel, medications, supplies, psychological support, and therapies not covered by provincial health plans. During the pandemic, many patients faced reduced work hours, job loss, and difficulty meeting basic needs.
How Cancer Costs Affect Patients and the Healthcare System
Costs are highest during the first year after diagnosis, the initial care phase, accounting for over half of out-of-pocket expenses. Bladder cancer is a major contributor, with significant direct, indirect, and time-related costs.
Systemic challenges add pressure: incomplete government coverage, inconsistent drug approval across provinces, and rising costs of new cancer medications. Take-home cancer drugs, counseling, physical therapy, and essential supplies are often underfunded, creating a “postal code lottery” for Canadians.
Tools, Tips, and Resources to Navigate Financial Challenges with Cancer
Understanding your financial landscape early is crucial. Keep documentation, review insurance policies, and seek advice from financial planners or social workers. Community supports, like transportation assistance, food banks, and cancer-specific programs, can ease the burden.
You can also explore Disability Tax Credit (DTC) resources, financial help for bladder cancer patients, and the Medical Expense Tax Credit guide. Caregivers can also find support through the Bladder Cancer Caregivers Guidebook to help reduce caregiver fatigue and protect mental health.
Moving Forward with Support from Bladder Cancer Canada
Managing the financial impact of cancer can feel overwhelming, but Bladder Cancer Canada provides resources, financial guidance, caregiver support, and educational webinars to help patients and caregivers feel informed and supported. Explore these programs to connect with a community that understands your journey.
