Can cancer treatment cost up to a million?

Hi anon.

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The short answer is yes.

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The long answer is it depends on your specific circumstances.

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Cancer drugs can be frighteningly expensive. I understand from an oncologist in private practise that some very specialized drugs will cost close to $500K alone in terms of the costs of getting it in and approved for treatment, and then you have the ongoing costs of adminstering it.

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Do not forget that on top of the drugs itself, you may require specialised treatment such as proton beam therapy which is a 6 figure sum. Surgery is not cheap.

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To round it up, ancillary costs such as blood tests, X-rays, MRIs, consultation, supportive medication will add up.

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So one million, while unlikely, is not impossible.

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And lastly, the real answer is: How much of this cost are you willing to pass on to an insurer?

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Shield plans may take care of the bulk of the hospital bills and part of the follow up, however you'll always have out of pocket costs which must then either come from a lump sum Critical Illness/Cancer plan payout, or your own resources.

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Building a multi-faceted insurance structure to handle such risks is thus important if you are to mitigate the financial impact of it.

Yes, cancer treatment can indeed cost up to a million dollars or even more, depending on various factors such as the type of cancer, stage of cancer, treatment plan, duration of treatment, medications, hospital stays, surgeries, and other medical procedures involved. The cost of cancer treatment can vary significantly and can be a substantial financial burden for many patients and their families. Thus, it is important to check if you and your loved ones are properly insured against cancer.

Might if there's no insurance / subsidy, rare and treatment not effective/recurring.

If you have addition Intergrated shield plans from private insurers(Also depending on what kind of plans you opt for) then I would assume most of your hospitalization and treatment cost will be covered (mostly to 95%) of your bill.

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If you do not have any Intergrated shield plan and you need assistance, you can apply such assistance directly from the hospital consouller and they should be able to provide you with assistance.

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I hope this is just a random thought and all is good with you. Wishing you all the best.