According to a January 6 article from Fox News, working age cancer survivors are highly likely to face debt and foreclosure or file for bankruptcy. According to the researchers at the Kaiser Permanente Center for Health Research, at least one-third of cancer survivors between the ages of 18 and 64 will likely have to deal with overwhelming debt due to the rapid cost increase for cancer treatment and care.
Reports said that compared to other healthcare, cancer care expenses in the U.S. have tripled in recent years. Of the 4,719 cancer survivors surveyed, researchers found that three percent had sought bankruptcy protection. Researchers also noted that low-incomes, public health insurance, and youth are factors that can lead to heavier financial hardships for cancer survivors.
The legal team of bankruptcy attorneys at Greenway Bankruptcy Law, LLC can help individuals who are looking for relief from their financial stress through bankruptcy or debt negotiation options. To learn more, call us today at (205) 324-4000.