Cancer is the third leading cause of death in Mexico.
Fighting the disease involves a very high financial outlay.
It is advisable to take out insurance for major medical expenses.
According to the Global Cancer Observatory, the cancer mortality rate is 65.1% per
every 100 thousand inhabitants. The figure is higher in men, from 65.6% and in women, from 57.1 to 64.7%.
Cancer is the third leading cause of death in Mexico. The diagnosis for the patient and his family is painful, complex and often salvageable, but it implies a very high financial outlay, especially when there is no medical service or insurance for major medical expenses.
Benefits of having major medical insurance
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The costs of treating breast cancer amount to 245,000 pesos and those of leukemia to 875,000 pesos, according to Seguros Monterrey New York Life.
These amounts cause many patients to declare bankruptcy, according to the nonprofit association in the United States AARP, making them 80% more likely to die. Cancer, depending on its type and the stage in which it is diagnosed, has a variety of treatments. A chemotherapy, for example, has a cost per session of between 60,000 and 80,000 pesos; a radiotherapy costs between 12,000 and 25,000 pesos.
A drug can cost around 50,000 pesos. This added to the costs of what the sick person can stop contributing to the house, whether in time or money, makes it more difficult to face a disease like these financially.
The health sector in Mexico is overwhelmed. Health spending is 5.9% of the Gross Domestic Product. And it increases 4.2% on average every year.
47% of the income of a Mexican goes to the health sector, due to lack of financial culture.
In fact, 46 million Mexicans do not have any insurance and only 10% of the population has one of major medical expenses, according to data from the Mexican Association of Insurance Institutions (AMIS).
We hardly understand that health spending is an investment in the human capital of a country, whose application is reflected in a greater number of years of healthy life, increasing well-being and consequently, greater productivity.
There are major medical insurance for all budgets and specific products that would cover the enormous expenses of cancer.
An important issue to consider especially if you have a family history of this disease in any of its types.