Cancer deaths cost the U.S. $94 billion in lost earnings in a single year

(Brittany Flaherty/ Stat) — Cancer is estimated to have caused more than 600,000 deaths in 2015, inflicting a toll that extended far beyond personal losses to impose an enormous burden on the nation’s economy, according to a new analysis.

Cancer deaths that year — the most recent year for which certain data were available — collectively cut short 8.7 million years of life, a loss that translated to $94.4 billion in lost earnings, the study found.

Dr. Farhad Islami, scientific director of surveillance research at the American Cancer Society and a co-author of the study, said the figures highlight how important cancer prevention is not only for patients but also for the health of the U.S. economy.

“When you invest in cancer prevention, treatment, and screenings, you don’t just save lives,” Islami said. “There are also substantial financial benefits.” (…)

read full story