Would you be able to cover the cost of cancer?
There are few major concerns in the world apart from battling with cancer. This would mean that you do not have the money to fight this disease. Considering the rising cost of treatments this is going to become a reality rather than a form of speculation in the days to come. As per the figures which emerge from the WHO the number of cancer patients are touching 10 lakh on a yearly basis. What is more disturbing is that 5 lakh people do die of the same and the number is expected to raise up to 8 lakh by the end of this year. In the coming years the figures are due expected to scale to new heights as well.
Though the risk of dying from cancer is only a mere 7.1 % before you touch 75 years and what it would mean that it is going to disrupt the cost of finances as far as a family is concerned. The debts or borrowings would also be on the higher side. In the last few years the costs of treatment have gone on to increase in a significant manner. One of the main reasons on why the costs of treatment have gone up is due to an increase in the levels of infrastructure. The roles of the new drugs which have made an entry into the market do have a share in this regard as well.
The worse aspect is the skewed up doctor to patient ratio. It stands at 1 doctor for every 2000 patients. The fact is that specialists are hard to come and at the same time they do go on to burn a hole in your pocket as well. As the risk is high, it does call for frequent check-ups so that it could be detected at an early stage before things really get out of control. You are in a better financial space so that the treatment costs are taken care of as well. This is both in the early and the later stages as well. Several companies are there in the insurance market who is offering various options so as to cover the costs. One thing for sure it is not that easy to figure out the exact plan.
Insurance is a must and all the more in the health domain. But the sad part is that in a country like India there is under penetration of the same. Nearly 70 % of clients do pay it from their pocket and hence it is better to be prepared for the future. As cancer is a long term treatment it would also mean that there is recurring expenditure in the days to come.
Chemotherapy cost in India stands to be lowest in the world. This is when you compare it to the advanced countries of the world. Coupled with the fact that most of the top hospitals in the country have no waiting lists and you can get operated immediately.