People diagnosed with cancer are more than two-and-a-half times more likely to declare bankruptcy than those without cancer, according to a new study led by Dr. Scott Ramsey, head of Fred Hutchinson Cancer Research Center's new Hutchinson Institute for Cancer Outcomes Research.
Dr. Scott Ramsey
Ramsey and colleagues from Fred Hutch, the University of Washington and the University of Bristol linked federal bankruptcy court records to cancer registry data from nearly 232,000 adult cancer cases in Western Washington. They found that compared to the general population, bankruptcy rates were nearly twice as high among cancer patients one year after diagnosis.
Bankruptcy risk varies widely across cancer types and is highest for lung, thyroid and leukemia/lymphoma cancer patients.