Medical care can be expensive, especially when it involves cancer treatment. Research from the American Cancer Society reveals that costs can vary greatly depending on the type of treatment one receives.
The ACS performed an analysis of costs for short and long term prostate cancer treatments. The team found initial treatment costs were highest for those who received hormonal therapy and radiation and lowest for "watchful waiting."
Those who opted for hormonal therapy had the second lowest initial cost. However, hormonal therapy proved to be most expensive after five years.
"This demonstrates that treatments that may be less expensive in the short-term may have higher long-term costs," said Dr. Snyder of Johns Hopkins School of Medicine.
Some men are more prone to developing prostate cancer than others. The National Cancer Institute says more than 70 percent of men diagnosed with prostate cancer are over the age of 65. African-Americans are also at an increased risk for developing prostate cancer.
The expenses associated with cancer treatment can easily deplete one's savings. Having life insurance can replenish funds used for treatment and not burden loved ones.