Insurance doesn't protect against medical debt. What cancer patients need to know

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Berkeley Lovelace Jr. is a health and medical reporter for NBC News. He covers the Food and Drug Administration, with a special focus on Covid vaccines, prescription drug pricing and health care. He previously covered the biotech and pharmaceutical industry with CNBC.

Health insurance doesn’t necessarily protect patients from medical debt: A survey from the American Cancer Society's Cancer Action Network published Thursday found that almost all cancer patients burdened with debt also had insurance coverage. The findings underscore the exorbitant cost of cancer care in the United States. The results were based on survey responses taken from nearly 1,300 cancer patients and survivors from March 18 through April 14.

” The financial strain often skewed younger, with nearly three-quarters of cancer patients ages 35 to 44 carrying medical debt. “We were really dismayed to see that,” Knudsen said. “That strain has been shown to be durable in their lifetime, impacting their choices, their ability to take jobs and of their choice to have a life that they would like.” Dr.

 

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