40% of US cancer patients deplete savings within 2 years, affecting retirement and leading to bankruptcy.

Rising healthcare costs are forcing many baby boomers in the U.S. to exhaust their life savings for cancer treatments, delaying retirement and impacting basic living expenses. With Social Security and insurance often insufficient, about 40% of cancer patients deplete their savings within two years, leading to higher bankruptcy rates among survivors. This financial strain can result in skipped treatments, underscoring the urgent need for affordable healthcare options for older Americans.

September 15, 2024
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