IN AN ideal world, cost would not be an obstacle to anyone seeking medical help, such as cancer treatment, which could run up to a significant amount. In reality, there are many stories of individuals who suffer from “financial toxicity” that may come about when they are financially ill-prepared to manage a severe sickness, unable to foot their medical bills or in a worst-case scenario, forgo treatment to avoid burdening their loved ones.
In a recent survey of 1,200 Singapore residents, about four in 10 respondents said they would not be financially prepared to manage the costs of cancer treatment. The key reason cited for not getting cancer insurance was unaffordable premiums.
The study aimed...
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