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Cancer treatment costs rising as UK population ages

Published on 12/12/2011

A new report has warned that the cost of diagnosing and treating cancer patients will rise by two thirds over the next ten years. Experts have now warned that cancer survival rates in the UK could fall behind other developed nations.

In their 2021 projection report for private health insurer Bupa, healthcare analysts Laing and Buisson predict that diagnosis and treatment costs for cancer are likely to increase from £9.4bn in 2010 to £15.3bn by 2021.

In addition, the average cost of treating someone diagnosed with cancer will increase from £30,000 in 2010 to almost £40,000 in 2021.

This leap in costs reflects the 20 per cent predicted growth in cancer rates by 2021, caused by Britain’s ageing population.

The report said: "If we do not address the rising cost of cancer, we are unlikely to be able to afford the desired and expected level of cancer diagnosis and treatment over the next 10 years and beyond.

"This possibility will mean that the UK's cancer survival rate could fall even further behind that of other developed countries."

Last month, the Organisation for Economic Co-operation and Development reported that the UK is already falling behind on survival rates for certain cancers because of late diagnosis.

With private medical insurance, you will be fully covered for the use of cancer drugs, whatever the cost. Medical insurance also covers you for treatment not available on the NHS, so compare health insurance quotes online now.

© ActiveQuote Ltd. 2011

Categories:  Medical
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