Skip to main content

How much does cancer survivorship cost? One local CEO knows firsthand

People who have survived cancer face significantly higher annual costs — including lost productivity and medical spending — as a result of their illnesses, the U.S. Centers for Disease Control and Prevention said in its recent Morbidity and Mortality Weekly report.

The difference for men and women can range from $1,330 to $4,187 more per year in annual costs for survivors compared with those with no cancer history. Researchers, who relied on data from the 2008 Medical Expenditure Panel Survey, said their work shows a need for more health and employment intervention programs for cancer survivors.

One person who has firsthand experience with the toll a cancer diagnosis can have on a person’s work and productivity is Michael O’Neil, CEO of the Bethesda-based GetWellNetwork. He’s often told his story about the idea for his company, which specializes in making videos to educate patients about illness and hospital treatments, while laid up in bed from cancer surgery.

We chatted about the recent CDC findings and how it resonated with his experience:

What do you think of the findings? Frankly it’s the little things that add up. These things sound trivial, but if I’m going for treatment four days a week and I’m paying $7 a day for parking, and if I’m there for six hours so I end up buying expensive food each day I’m there, that adds up. Then, if I need an extra babysitter for my kids at home while I head to treatment, that’s a cost. Between chemo, you might have five blood tests a week, MRIs and CT scans. I think that’s really lost but some patients who can’t afford, say, the parking might decide not to get the MRI. Then the bulk of the population isn’t lucky enough to just take that time off from work. It’s those lost costs of the human burden that aren’t caught up when we think about the costs of therapies and medication with cancer.

What was your experience when it came to lost productivity? In all of these life-defining health moments, there is the behavioral health aspect. These things can wear people down and with all the tests, appointments and anxiety, there is that loss in productivity. When people go through chemo, they all have their little ways how their minds or bodies would respond to those chemo treatments. … For me, I would order a plain Domino’s pizza, eat the entire thing and then I would go to sleep for 14 hours. It just wears on you. Months after my treatment, the night sweats would return and I’d freak out thinking my cancer returned and head straight to the hospital. That comes with a cost.

So how were you able to begin working on a company in the midst of that? I’d been diagnosed with a tumor in my stomach and had to have a surgery where they essentially had to cut out half of my stomach. And then, I had to spend 11 days waiting for the pathology report to come back. And all I could do in the hospital was lay there all day staring at daytime TV. I kept thinking, if I could just have access to more information, I could spend my time learning about what I needed to do to get better. Literally, from my hospital, I began to draw on a napkin that idea that became this company.

It would seem you could say you ultimately were able to become more efficient as a result of your experience. Would you agree? When you have cancer, so much of your being goes into fighting cancer. But after my cancer treatment, my focus became spending whatever time I had, whether it be a month or 50 years, trying to do something about helping other patients. It’s amazing what purpose-driven work can do you your energy. It may be very different or much more difficult for other people but that is how it was for me.

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
Read Next Story