A study led by Dr. Benjamin C. James reveals that cancer diagnoses can lead to significant long-term financial challenges, including higher rates of bankruptcy and lower credit scores. Patients with cancer are nearly five times more likely to declare bankruptcy, with credit scores averaging 80 points lower than non-cancer patients. Factors such as age, race, marital status, and income level contribute to the severity of financial toxicity, highlighting the need for policy reforms in cancer care.
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