But in my individual case, this cost-benefit analysis directly impacts my short- and long-term mortality risks.
Without digging into the details (though I do have all the paperwork filed here), my Excellent Cancer Adventures of 2008 cost about $100,000 all told. I paid about $6,000 of this, the rest of the cost was borne by my insurance carrier. Most of this was surgery and hospitalization costs, along with some fairly spendy tests and a bunch of psychotherapy.
My New Adventures in Cancer, commencing in May of 2009, cost about $50,000 in that year. The spending pattern was similar to 2008's, mostly surgery and hospitalization, with tests and head shrinkage. i don't have the tally yet, but I believe I've paid about $5,000 out of pocket this past year.
Chemotherapy, primarily due to drug costs, will run about $180,000, I believe. Throw in another $20,000 for a couple of CT scans and whatnot along the way, and by the midyear mark, another $200,000 will have been spent on me. About $6,000 or more of that will be out of my pocket. (And no, I don't make that much money. Cancer is expensive, even with good insurance.)
Tally it up, and by next July we will see a total of $350,000 having been spent keeping me alive over a two-year span, with $17,000 of that coming out of my pocket. The balance of $333,000 is borne by the insurance carrier, and thus somewhat less directly by my employer, their investors, and society in general. All of which is, incidentally, considerably more than has been expended on me in my entire life put together prior to the onset of cancer.
What is my life worth to you?
For example, if you're a conservative who believes the current healthcare finance system is "the best there is", and that the current healthcare reform effort will ruin American medicine, then you believe that the $1,000,000 lifetime limit my insurance carrier places on my benefits is appropriate. At my current burn rate, in three or four more years I'll run out of benefits, and you believe it's ok for me to crawl off and die.
Obviously it's not that clear cut. For one thing, the hoped-for, and reasonably expected, result of chemo is that future treatments will not be necessary. This is not a given. For another, if I were out from under the insurance umbrella due to lifetime limits or unemployment, there are programs for the uninsured. But my standard of care would drop precipitously, and I would literally be bankrupted by the personal financial responsibilities. the_child would have a much poorer childhood, and a much more difficult time getting a college education and a strong start in life, for example. And even then, society is still paying most of my bills, just via different mechanisms than a private insurance carrier.
Obviously, the benefit to me personally of continued life and health is incalculably high. But I'm only bearing about 5% of the costs. And I'm damned lucky I'm well-paid enough to even manage that much. What is the cost worth to you? To society at large? Because there's a wall at the other end of this tunnel, not a light, and someday soon I'll smash into it at the speed of mortality if I'm only a little bit unlucky.
What would your politics be in my position? What would you think of the conservative opposition to reform if you were me? There are some problems the free market will never solve, and I'm living in the heart of one of them.
Meanwhile, chemo starts tomorrow. calendula_witch arrives today. shelly_rae has been taking good care of me. I'm scared spitless, but I'm going to live. Literally and figuratively.