The Financial Burden of Cancer
The economic burden of caring for a child with cancer is often devastating. Lost income due to reduction or termination of parental employment, coupled with out-of-pocket expenses such as travel, co-pays and meals away from home have a negative impact that affects the financial security, quality of life, and future well-being of the entire family.
A P4P-funded study was conducted by Dr. Kira Bona, a pediatric oncologist at DF/BCH, which examined factors such as material hardship (food, housing or energy insecurity), rates of low income, and income losses due to work disruptions from the child’s treatment. Dr. Bona’s work uncovered the following about the financial impact of a hematopoietic stem cell transplant:
*40% of families are low-income at time of transplant (<200% Federal Poverty Level)
*20% of families report losing >40% of annual income due to transplant-related work disruptions
*38% report material hardship (food, housing, energy insecurity) during the post-transplant period
In its mission to ease the burden of childhood cancer, Pedals for Pediatrics has provided $900,000 in assistance for families for expenses such as food, housing and parking. P4P is one of the top contributors to the DFCI Pediatric Patient Assistance Fund, which helps families in need with mortgage or rent payments, gas, food, and other necessities. Your contribution to P4P makes a big difference in the lives of families who are struggling financially to cope with – and move beyond – childhood cancer.