Firm shows socio-economic impact of cancer in new findings
Phillips Consulting (PCl), has examined the socio-economic impact of cancer in an extensive study with responses gathered from thousands of Nigerian Cancer victims or caregivers, family and friends.
In Nigeria, people are often overwhelmed by reports of cancer victims alongside impassioned solicitations for funds for treatment abroad. Today In major cities of Nigeria, it is no longer a strange sight to see caregivers soliciting alms from the general public for people living with this deadly disease.
Several health management organisations in Nigeria do not cover Cancer treatments; neither does The Nigerian National Health Insurance Scheme (NHIS). The cost of cancer treatments in Nigeria ranges from N850, 000 ($2,361) and $10,000 (N3, 600,000). Due to the masses not able to afford these costs, the number of people resorting to public intervention has constantly increased over the years; this is intuitive evidence of the great socioeconomic burden faced by cancer patients and their caregivers.
The PCL research showed that every year, tens and thousands of Nigerians troop abroad in search of the best and most affordable medical treatments and health care services. Destinations such as The Middle East, India, Turkey, United States of America and Europe thrive on Nigerian medical tourists.
Cancer patients spend astronomical amounts of money seeking treatment abroad, up to $60,000, excluding other associated financial costs such visa fees, flight tickets, logistics, hotel accommodation and upkeep for the patient and their caregiver. The high amount of capital flight suggests opportunities for investment along the value chain of cancer management in Nigeria.
The PCL survey showed that Nigerian women and low-income earners were the most affected by cancer, but Irrespective of one’s socioeconomic status, the emotional and financial burden of fighting cancer is excruciating.
Ultimately, the task of beating cancer requires the combined efforts of all stakeholders.“We will not only direct our significant research capabilities towards plotting the way forward; we are also prepared to support stakeholders in ensuring the effectiveness of cancer management through the effective project management of palliative programs and initiatives. Our extensive knowledge of the local environment also ensures that we are equipped to help local and international organisations deliver sustainable outcomes in their efforts towards combating cancer. Though an enormous challenge, our commitment to that task at Phillips Consulting is unflinching,” Managing Consultant at Phillips Consulting’ said Victor