Financial Toxicity Position Statement
The consequences of financial toxicity—a term that captures the physical, material, and financial burdens that result from the high costs of medical care—are staggering, manifesting in high debt, low credit scores, and bankruptcy. Financial toxicity can also lead to delayed treatment, skipped medications, and other cost-related coping mechanisms—worsening health outcomes and increasing costs for hospitals and payers alike. CAPC's position statement recommends proven strategies that can ease hardship for patients and caregivers, while improving financial stability for patients and hospitals.