When you consider some of these statistics, it easy to see why health insurance is very important.
According to The American Cancer Society, roughly 1.7 million of new cancer cases will be diagnosed in 2017. Men have a 1-in-2 chance of being diagnosed with cancer in a lifetime, while women have a 1-in-3 chance. Unfortunately, 20 to 25 percent of those cases can be fatal, making cancer the second-leading cause of death. In America alone, over $100 billion is spent annually in the fight against cancer. New cancer-treating drugs can cost over $100,000 a year, with one new drug in particular, Keytruda (in the fight against melanoma), running as much as $152,400 a year. Additionally, cancer drugs are only part of the costs, because there are tests, procedures, possible hospitalization, on going care, drug treatments, specialists, etc. These costs can spiral out of control.