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BusinessWorld Economy

Cancer’s $25T toll: stakeholders warned of critical funding shortfall

By Jovenal M. Francisco, Contributor HONG KONG — The estimated global economic cost of cancer between 2020 and…

Context & Analysis

The warning behind the reported global toll is not just that cancer is expensive, but that money has not kept pace with the diseases companies and households now face. The gap matters because modern treatment is becoming more fragmented: earlier screening, specialized surgery, targeted drugs, radiation, long-term follow-up, and often multiple providers. Each layer can improve survival, but each also raises the cost of care and widens the distance between what patients want and what insurers or employers can sustainably pay.

For Philippine businesses, the issue shows up in operating costs even before a diagnosis is made. Cancer affects productivity through sick leave, disability claims, caregiver strain, and loss of experienced staff. Employers with larger workforces will increasingly feel pressure to review health benefits, workplace wellness programs, early-detection initiatives, and return-to-work support. For professionals and investors, it also signals a longer-term shift in healthcare spending toward diagnostics, oncology services, specialty pharmaceuticals, hospital infrastructure, and digital tools that help manage complex care.

The local angle is sharper because the Philippines has a mixed health-financing system. PhilHealth provides a safety net, but out-of-pocket payments remain common for many households, and private employers often layer additional coverage on top of that. That structure can protect some workers while leaving others exposed when treatment becomes prolonged. Businesses should watch how insurers price cancer-related benefits, whether regulatory or tax incentives encourage earlier screening, and how hospitals and diagnostic providers expand access outside major urban centers.

The policy question is not simply more spending, but better allocation. Funds are likely to be pulled toward prevention, early detection, workforce retention, and affordable treatment pathways that reduce late-stage costs. For Filipino companies, the practical takeaway is to treat cancer risk as a workforce planning issue, not only a medical one. The firms that adapt benefits, monitoring, and employee support early will be better positioned against rising healthcare costs and the productivity losses they create.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: bworldonline.com

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