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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it. She's on the Money.

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Speaker 3: She's on the Money. Hello and welcomed. She's on the

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Speaker 3: Money the podcast for millennials who want financial freedom. Today's

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Speaker 3: episode is the third in a series of conversations we're

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Speaker 3: having that look at the true costs of health care

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Speaker 3: in Australia. You started a few weeks back looking at

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Speaker 3: the cost of care for some of the most common

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Speaker 3: illnesses and conditions with Rhiann and Tracy, and two weeks

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Speaker 3: ago we looked at the cost of mental health care.

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Speaker 3: So welcome to our third episode where we are looking

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Speaker 3: at the cost of another very common illness, cancer. Unfortunately,

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Speaker 3: Victoria Divine is with us, h I V.

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Speaker 2: Unfortunately Victoria is with us or unfortunately this is the top.

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Speaker 2: I'm not sure what you're it's very seriously, it is

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Speaker 2: the tone of your voice. We're saying that it was

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Speaker 2: unfortunate that I'm joining you today.

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Speaker 3: I meant that mostly, but no, it is very unfortunate

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Speaker 3: that it is quite a common illness, cancer that we

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Speaker 3: are talking about today.

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Speaker 2: I couldn't agree more. And I actually really wanted to

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Speaker 2: do this series because I really wanted our community to

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Speaker 2: avoid any nasty surprises when it comes to the financial

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Speaker 2: impact of unexpected health problems. I feel like it something

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Speaker 2: that we just don't talk enough about, and I mean

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Speaker 2: as Australians with a lucky country, right like, I think

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Speaker 2: everybody just seems to have this mentality of it'll never

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Speaker 2: happen to me, and unfortunately that's not the case. So

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Speaker 2: it's something I have seen unfortunately far too often. I

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Speaker 2: think because I worked so deeply in the financial advice space,

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Speaker 2: you I guess have the privilege of working with clients

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Speaker 2: and establishing their insurances, but you also have I won't

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Speaker 2: call it a burden because it's honestly you feel so

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Speaker 2: at the time, you're so upset for the family, but

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Speaker 2: you're also just so grateful that you can be there

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Speaker 2: for them and actually provide support and actually instigate something

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Speaker 2: that's going to put them in a significantly better position.

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Speaker 2: But you just see it so much more often than

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Speaker 2: you think you would. And we're having these conversations, right

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Speaker 2: because obviously I'm obsessed with insurance, but I also think

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Speaker 2: the best type of insurance is the one you never

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Speaker 2: have to claim on, because that means that you're perfectly healthy,

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Speaker 2: Beck and you never needed it. Like I've said it

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Speaker 2: so many times, I want your insurance to be a

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Speaker 2: waste of money. Yeah, I want you to look back

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Speaker 2: on it in fifty years and be like, oh my gosh,

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Speaker 2: I absolutely put all of those premiums that I was

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Speaker 2: paying straight in the trash. It was like shredding money.

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Speaker 2: I would love for you to say that, because that

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Speaker 2: means in the fifty years that you had that premium enforced,

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Speaker 2: you didn't have to claim on it. Nobody can predict

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Speaker 2: that though, right, Like if we could predict that, one,

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Speaker 2: I'd be real rich. But also two, I just think

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Speaker 2: it's one of those things that you can't predict it. Yes,

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Speaker 2: genetics comes into it, but obviously, so much of the

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Speaker 2: cancer world is unforeseen. Ongoing advancements in the diagnosis and

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Speaker 2: treatment of disease have seen our lifetime expectancy increase in

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Speaker 2: increasing increase. Beck Like it is wild. Like they now

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Speaker 2: say that there is somebody walking this earth. They're probably

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Speaker 2: really young today because it's definitely not your eye with

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Speaker 2: the way we've lived our life. But there is somebody

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Speaker 2: walking the earth today that is going to live to

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Speaker 2: the age of one hundred and fifty.

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Speaker 4: Isn't that crazy?

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Speaker 2: Oh my god, it's crazy about our life expectancy has

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Speaker 2: gone up and up, and I mean that's not the

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Speaker 2: average when we talk about one fifty, but like that's

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Speaker 2: going to happen at some point in someone on this

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Speaker 2: planet's lifetime, isn't While.

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Speaker 3: Yeah, would you actually want to be around that long?

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Speaker 3: I feel like it's going to get boring.

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Speaker 2: I don't know. I think it's it's funny because we

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Speaker 2: used to have this debate. I used to have a

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Speaker 2: group of friends and we'll just be very existential about

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Speaker 2: our lives, and I just I don't think I want

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Speaker 2: to live forever, Like unless absolutely everybody was living a

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Speaker 2: lot longer. I don't know. I remember having this conversation

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Speaker 2: with my grandpa who got to ninety four, and I

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Speaker 2: was quite young when he passed away, but I was like,

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Speaker 2: you're so old, like obviously had absolutely no common sense

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Speaker 2: at that point to not be rude to my elders,

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Speaker 2: but I'm so old.

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Speaker 4: And he said, yeah, but you know.

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Speaker 2: I'm I'm old and my time will come soon kind

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Speaker 2: of vibe and I can't remember word for word war

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Speaker 2: it was, but he said, I never thought that being

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Speaker 2: old would be this lonely because every single person around

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Speaker 2: him had passed away, like my grandma had passed away

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Speaker 2: a few years before, and all of his friends, Like

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Speaker 2: all he did was go to his friend's funerals, like

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Speaker 2: they became the outings that he was going to. And

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Speaker 2: ninety four is a really good innings, Like it's so epic,

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Speaker 2: but it's so upsetting to think that alongside getting that old,

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Speaker 2: you go through so much sadness as well. And I

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Speaker 2: just I don't think I want that. No, I don't

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Speaker 2: want to consistently see the people around me leave.

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Speaker 3: I know that's actually that's actually very devastating.

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Speaker 2: So moving back to the topic, Beck We're seeing more

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Speaker 2: and more people live with cancer rather than pass away

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Speaker 2: from it and serious health conditions, and the cost of

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Speaker 2: burden on our health care system has been growing. So

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Speaker 2: we actually really need to know what this means for

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Speaker 2: us and our loved ones, because as technology improves, it

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Speaker 2: means that more tax payer dollars are going to healthcare,

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Speaker 2: which is honestly, from my if, an absolute privilege to fund.

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Speaker 2: But at the same time, it's not endless. Yeah, like

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Speaker 2: it comes to a cap, things have to be allocated.

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Speaker 2: We have to have these conversations about what is fair,

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Speaker 2: how do we protect ourselves even when it comes and

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Speaker 2: I mean this is a completely separate side topic, but

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Speaker 2: even when it comes to the pension, like how many

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Speaker 2: people can be on the pension before they can't afford

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Speaker 2: to give the pension anymore? And with our rising population

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Speaker 2: and the increase in life expectancy, like, how are we

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Speaker 2: actually planning for this as a country if people aren't

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Speaker 2: in a position, especially right now we're in the middle

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Speaker 2: of a cost of living crisispect like how many of

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Speaker 2: us are actually investing for our future? What does that

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Speaker 2: look like? Like it's not just scary on an individual level,

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Speaker 2: it's scary on a holistic community level because what's gonna happen?

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Speaker 3: Yeah, it is so scary. I would recommend anyone listening

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Speaker 3: to this. If you haven't listened to the last two

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Speaker 3: episodes in this series, please do go back and listen.

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Speaker 3: They are really interesting. But I don't think you have

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Speaker 3: to listen to them in any specific order.

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Speaker 2: Just is not who just isn't really talking about specific

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Speaker 2: topics in this series, but they don't link together.

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Speaker 3: Yeah, exactly. So the I guess, could you take us

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Speaker 3: through what is a snapshot of the prevalence of cancer

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Speaker 3: in Australia. So we have gone back to the research

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Speaker 3: in the ZERI Cost of Care Report, and as I've

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Speaker 3: said before, I really love the data in this report.

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Speaker 3: Cancer beck represents nineteen percent of the disease burden here

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Speaker 3: in Australia and it's one of the most financially impactful.

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Speaker 3: One in three Australian men and one in four Australian

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Speaker 3: women will be diagnosed with some type of cancer before

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Speaker 3: they turn seventy five. Wow, that's a lot.

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Speaker 2: Prostate cancer is the most prevalent, followed by breast cancer,

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Speaker 2: bowel cancer and melanoma. Australia has the second highest prevalence

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Speaker 2: of melanoma in the entire world.

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Speaker 5: Wow.

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Speaker 2: Five year survival rates range from sixteen percent flood cancer

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Speaker 2: to ninety five percent for prostate cancer.

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Speaker 3: Oh well, ninety survival rate for prostate cancer is actually

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Speaker 3: not bad. It's actually epic.

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Speaker 2: And I'm pretty sure the data, which is not in

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Speaker 2: front of me at the moment, has said that over

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Speaker 2: the last twenty five years that has increased significantly because

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Speaker 2: people are more likely to go to their gps to

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Speaker 2: get niggles and things checked. And I mean lots of

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Speaker 2: people have prostates, but particular I mean the stereotype of

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Speaker 2: men not wanting to go to the GP would play

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Speaker 2: into this, and I think that's being broken down and

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Speaker 2: more people are more comfortable to seek medical advice when

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Speaker 2: they're like, oh, this just doesn't seem right. If it

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Speaker 2: doesn't seem right, just get checked, yeap, Just go and

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Speaker 2: have a chat with your GP, like my GP, and

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Speaker 2: I hey, Greg, BFF, like I check everything. And I

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Speaker 2: don't even think I'm being a hypochondriac in this circumstance.

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Speaker 2: I think I'm just you know, Okay, well, I'll just

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Speaker 2: pop that on my list of things that next time.

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Speaker 2: At the GP I want to check, and I go, oh,

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Speaker 2: if I haven't been to the GP in a while, Like,

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Speaker 2: I think about whether I need it, and if there

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Speaker 2: was anything on my list of things I need to

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Speaker 2: get checked. I'm not someone who every week is like,

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Speaker 2: oh my gosh, I need to go to the doctor.

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Speaker 2: But I think it's just so important to be on

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Speaker 2: top of your own health because that plays into so

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Speaker 2: many different areas of your life. And as we have

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Speaker 2: been talking about over the last couple of weeks, your

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Speaker 2: health is directly linked to your ability to produce an income. Yeah,

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Speaker 2: so financially it makes sense to look after your health.

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Speaker 3: Yeah, that makes so much sense.

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Speaker 2: So if you're not caring about yourself in the way

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Speaker 2: that you should, one, you should. But two, there's money

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Speaker 2: at stake, so let's let's look at that side.

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Speaker 3: Yeah, exactly. If nothing else will motivate you, money certainly

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Speaker 3: will and hopefully should literally. And they also say prevention

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Speaker 3: is the best cure.

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Speaker 1: Two.

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Speaker 2: True, you know that's not for every case. But they

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Speaker 2: also say an apple a day keeps the doctor. I

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Speaker 2: don't I know what that you confess?

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Speaker 4: Where's that come from?

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Speaker 3: I mean, I think if that was the only thing

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Speaker 3: we had to do, I would be eating apples all

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Speaker 3: the time.

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Speaker 2: This podcast in the business category, though not the medical category.

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Speaker 4: So take what you wish the eversation.

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Speaker 3: You can start eating apple a day if few weeks

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Speaker 3: is really good. They're very good.

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Speaker 4: They're so very good. Have you had a jazz apple before?

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Speaker 3: Oh I'm not a jazz fan. Yeah? Grannie Smith or

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Speaker 3: pink lady who eats Grannie Smith apples?

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Speaker 2: All right?

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Speaker 4: Back onto the topic, because you're.

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Speaker 3: Rogue and wrong. It seems just judging by everyone very wrong.

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Speaker 4: What the hecking?

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Speaker 1: Now?

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Speaker 3: Back on topic. Although healthcare in Australia is largely publicly funded,

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Speaker 3: out of pocket costs associated with cancer diagnosis and treatment

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Speaker 3: and survival can place a huge burden on sufferers in

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Speaker 3: their families. So V what sort of things are people

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Speaker 3: having to pay for? Lots of things?

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Speaker 2: Right? So GPS and specialist gap payments GPS. We have

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Speaker 2: been having these conversations consistently in our community about how

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Speaker 2: lots of GPS aren't offering bulk billing anymore. So I

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Speaker 2: feel like this cost is just going to increase over time.

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Speaker 2: Scans or tests outside the public system, over the counter

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Speaker 2: medications for pain relief and other purposes like pain and

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Speaker 2: you are consistently trotting down to chemist warehouse to get

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Speaker 2: your advil Like that adds up. Those things add up,

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Speaker 2: complementary medicines or therapies, medical devices, treatment related travel and accommodation.

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Speaker 2: Just because you're going through a circumstance that is traumatic

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Speaker 2: does not mean you have access to close care. And

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Speaker 2: sometimes the best care is actually in a different state.

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Speaker 2: Like I grew up in Tasmania and the Tasmanian healthcare

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Speaker 2: system is beautiful. Please don't get me wrong about that.

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Speaker 2: But the amount of family members that I have had

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Speaker 2: that have had to fly to different states to get

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Speaker 2: medical procedures done, necessary medical procedures we're not talking about,

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Speaker 2: like elective surgeries, is wild. Like it blows my mind

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Speaker 2: that sometimes you actually have to leave the state to

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Speaker 2: get the best care in a particular area. I'm not

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Speaker 2: saying anything bad about the healthcare system in Tasi.

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Speaker 4: It is great.

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Speaker 2: As long as you haven't watched maths and haven't got

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Speaker 2: an idea of what the nurses are. I can promise

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Speaker 2: the nurses in my family in Tasmania. Elate, you're talking

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Speaker 2: about yet wild?

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Speaker 3: I was kind of a fan.

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Speaker 4: What do you mean you were kind of a fan.

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Speaker 3: I don't know something about it.

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Speaker 4: You just like the drama.

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Speaker 3: I like the drama, and you know she's not hard

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Speaker 3: on the eye. I'm not gonna go.

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Speaker 2: Okay, all right, no worries.

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Speaker 3: If you're listening to this, I love you so much,

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Speaker 3: all right.

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Speaker 4: Okay, moving on.

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Speaker 2: There's also things like personal care, right, like if you

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Speaker 2: need to manage stuff like ULCs that you get during radiotherapy,

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Speaker 2: Like you're going to be buying things that help you

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Speaker 2: with that. Things add up. But it's also you know,

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Speaker 2: not I don't know. I just I feel like those

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Speaker 2: are the things that you and I can quantify. What

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Speaker 2: about the time off work? What about the cost of

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Speaker 2: the carers that are looking after you to take and

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Speaker 2: you'll leave days. What about the impact to you progressing

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Speaker 2: in your career. You're not going to be focusing on

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Speaker 2: progressing in your career if there's something more serious going on,

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Speaker 2: and that makes absolute sense. But at the end of

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Speaker 2: the day, that is a setback. Yeah, and we need

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Speaker 2: to talk about that. So there's just lots that go

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Speaker 2: into it.

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Speaker 3: Yeah, definitely. Now I wanted to ask, and it's probably

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Speaker 3: going to be really depressing answer. But it will be

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Speaker 3: what are some of the average lifetime costs for people

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Speaker 3: with different types of cancers.

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Speaker 2: Yeah, so before we go through this, obviously this is

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Speaker 2: the recorded stuff from this report, and after our beautiful

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Speaker 2: conversation with my friend Rann and Tracy who talked about

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Speaker 2: her experience, we know it's much more than this. So

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Speaker 2: she is a quadriplegic, and she said it's in the

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Speaker 2: eleven million dollar disability and she reckons it's worth more

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Speaker 2: than that. Like, that's just the bare minimum. So keep

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Speaker 2: that in mind while they go through these numbers. Okay,

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Speaker 2: So the average lifetime cost for prostate cancer is thirty

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Speaker 2: six eight hundred dollars, Breast cancer is thirty six thousand

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Speaker 2: and forty dollars, Our cancer is fifty one thousand, four

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Speaker 2: hundred and sixty dollars, melanoma, skin cancer is twenty thousand,

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Speaker 2: three hundred and sixty dollars. Lung cancer is seventy four thousand,

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Speaker 2: six hundred dollars. Non Hodgkins lymphoma, she's getting pricey eighty

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Speaker 2: seven thousand, five hundred dollars years. Head, neck and thyroid

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Speaker 2: cancers ninety five thousand, four hundred and sixty dollars, Kidney

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Speaker 2: cancer sixty three thousand, two hundred and twenty dollars, and

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Speaker 2: uterine cancer is forty six thousand and thirty dollars.

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Speaker 3: Oh my gosh, I knew it was going to be depressing.

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Speaker 3: That is a lot of money. And I can't even

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Speaker 3: fell them having like Wetty Star. That's insane.

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Speaker 2: It's insane. It's also like to me, I think it

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Speaker 2: makes sense, like in terms of the impact and the

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Speaker 2: longevity of things like as we heard before, we said

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Speaker 2: that the five year survival rate for prostate cancer was

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Speaker 2: ninety five percent, and that cancer was on the lower scale,

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Speaker 2: so that was thirty six thousand, eight hundred So that's

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Speaker 2: a lot. That's a lot of money.

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Speaker 3: We are not downplaying that for any moment, but often

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Speaker 3: if identified earlier, it can be gotten rid of and

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Speaker 3: you can return to life as usual. Something like headneck,

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Speaker 3: and thyroid cancers, which had the cost of ninety five,

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Speaker 3: four hundred and sixty dollars as an average lifetime cost,

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Speaker 3: often aren't identified as early as a prostate cancer. Really,

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Speaker 3: So like there's lots that go into these numbers. There's

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Speaker 3: different levels of care, there's different types of surgeries and

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Speaker 3: different types of you know, radiation and chemotherapy and things

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Speaker 3: that go into this.

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Speaker 2: But that's just so much money that we just don't

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Speaker 2: have back.

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Speaker 3: Yeah yeah, unfortunately, so V what are the sorts of

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Speaker 3: numbers that we're looking at when it comes to dollars

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Speaker 3: for drugs and treatment and also what cancer sufferer is

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Speaker 3: willing to actually pursue for treatment.

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Speaker 2: Yeah, so I guess again, I want to before answering this,

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Speaker 2: just really acknowledge our privilege, Like this is so much money.

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Speaker 2: I don't want people to think that we're complaining about

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Speaker 2: these costs though, because if we look around the world,

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Speaker 2: I guess competing healthcare systems, these things send people into debt.

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Speaker 2: The average cost of cancer in America is like a

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Speaker 2: million dollars whoa because of the type of treatment and

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Speaker 2: everything is out of pocket, Like that is a u

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Speaker 2: cost if you don't have health care through your job,

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Speaker 2: which is again is an absolute privilege. And as we know,

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Speaker 2: like if you don't have health care, you're probably the

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Speaker 2: type of person that probably can't afford to pay the

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Speaker 2: out of pocket fees because you're not a full time employee.

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Speaker 2: And that's not a judgment, that is just the fact

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Speaker 2: of the matter. Often health care comes with those higher

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Speaker 2: level white collar jobs, right like you hear about it

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Speaker 2: all the time, or I do on TikTok because I'm

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Speaker 2: on like the HR side of TikTok and it's like

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Speaker 2: so juicy. I don't know if anybody else I don't know,

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Speaker 2: I don't know. I'm also on I think I've told

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Speaker 2: you this before, Utah Mum TikTok. I've told you this.

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Speaker 2: Have I told you this?

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Speaker 3: Sounds familiar? Yep?

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Speaker 2: So in Utah, lots of them are Mormons, and I'm

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Speaker 2: adoring learning about how they live their lives and how

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Speaker 2: much they are obsessed with diet coke. And I told

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Speaker 2: you about how I ordered those line packets. Well we've upgraded.

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Speaker 2: I have become a Utah mum. I bought the Stanley

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Speaker 2: cup that they have. And you're not going to know

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Speaker 2: what I'm talking about because they're not crazy. But there

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Speaker 2: are going to be people listening to this podcast that

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Speaker 2: are shaking their heads and they're like, no, you didn't, Victoria,

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Speaker 2: No you didn't.

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Speaker 3: We want phonus.

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Speaker 2: I will put it on Instagram, but we'll leave this

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Speaker 2: conversation there. But it is an absolute privilege to have

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Speaker 2: the numbers we have. I mean, they could be better.

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Speaker 2: There are definitely better healthcare systems around the world, but

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Speaker 2: there are definitely worse ones that could absolutely destroy you.

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Speaker 1: Beck.

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Speaker 2: So jumping back on that, Beck, the average cost paid

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Speaker 2: by the Pharmaceutical Benefits Scheme or the PBS, which I

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Speaker 2: seem to be struggling to get out today per anti

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Speaker 2: cancer prescription has increased far in excessive inflation and is

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Speaker 2: currently seven hundred and eighty six dollars. Pharmaceutical companies can

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Speaker 2: spend up to two billion dollars developing new cancer treatments,

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Speaker 2: and then patients using drugs not supported by the PBS

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Speaker 2: can face bills of up to five thousand dollars a

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Speaker 2: month jeez a month or more. Individuals who are facing

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Speaker 2: an uncertain future will seek any source of hope, even

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Speaker 2: if the efficacy of the treatment is unclear. And people

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Speaker 2: who live outside major cities have seventeen times the odd

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Speaker 2: of reporting locational or financial barriers to care compared to

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Speaker 2: those living in metropolitan areas, Isn't that wild? Like, I

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Speaker 2: know that makes sense, and I mentioned it before, and

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Speaker 2: I guess that's why because we look into it. But

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Speaker 2: it's just you can't access it because you either can't

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Speaker 2: get there you can't afford to get there.

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Speaker 3: That's really scary.

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Speaker 2: So unfair.

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Speaker 3: I know, it's unfair. It's scary, and it's pretty devastating.

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Speaker 3: So the big focus of our previous episodes has been

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Speaker 3: the hidden cost and careers who are family members or

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Speaker 3: friends and they often don't get looked at. So what

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Speaker 3: do we know about the cost to caregivers of people

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Speaker 3: with cancer?

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Speaker 2: Yeah, so the average overall cost to the household is

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Speaker 2: estimated at forty eight thousand dollars. Jeez, that's like an

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Speaker 2: annual salary for some people. Around seventy two percent of

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Speaker 2: cancer cares report a negative financial impact of caring, and

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Speaker 2: more than half of cares who work full time need

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Speaker 2: to take leave or reduce their working hours. Around one

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Speaker 2: point three million hours of informal care are provided to

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Speaker 2: individuals with cancer each year. Wow, it's a lot of hours.

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Speaker 2: That is it's a lot of unpaid hours.

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Speaker 3: Yes, that is exactly right.

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Speaker 2: That's unacceptable.

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Speaker 3: It's unacceptable. I feel like this is a really good

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Speaker 3: moment to jump to a quick break and come straight

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Speaker 3: back and see you guys on the other side. Okay,

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Speaker 3: v we are back, and we are talking about the

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Speaker 3: cost of cancer in Australia, the third in this series

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Speaker 3: breaking down how much healthcare really costs in this country.

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Speaker 3: So v I wanted to ask about some more detail

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Speaker 3: now on more common types of cancer. You mentioned process cancer.

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Speaker 2: Yeah, that's the most common.

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Speaker 3: That's the most common. Yeah, so let's look at that

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Speaker 3: one first, I.

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Speaker 2: Suppose, all right, So, as we mentioned at the top

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Speaker 2: of the episode, the average cost or the average lifetime

403
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Speaker 2: cost is thirty six eight hundred dollars. Seventy percent of

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Speaker 2: people diagnosed with prostate cancer reports spending more on cancer

405
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Speaker 2: treatment than they had expected, and the average out of

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Speaker 2: pocket cost of care for prostate cancer treatment in newly

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Speaker 2: diagnosed patients was eleven thousand and seventy seven dollars in

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Speaker 2: the first year and ranged from two hundred and fifty

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Speaker 2: bucks all the way up to thirty thousand dollars. Spending

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Speaker 2: was largely on things like specialist fees, hospital services, medical

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Speaker 2: equipment and supplies. In medicine, one in four people stopped

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Speaker 2: working as a result of their diagnosis, and out of

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Speaker 2: those who retired, most had done so four to five

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Speaker 2: years earlier than they had actually planned to do so.

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Speaker 3: Right, Okay, that would I imagine cost a lot in itself.

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Speaker 2: Yeah, exactly. That's five years of not investing. That's five

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Speaker 2: years of not saving. That's five years I won't say behind,

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Speaker 2: but that's five years that you didn't get further ahead

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Speaker 2: than you thought you were going.

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Speaker 3: Sure, Yeah, absolutely, it's a lot. So let's talk next

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Speaker 3: about breast cancer.

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Speaker 2: So the average cost, as we said earlier, is thirty

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Speaker 2: six thousand and forty dollars. I really want to know,

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Speaker 2: like the this specific breakdowns of where they got that

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Speaker 2: additional forty bucks from. It's not just thirty six thousand,

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Speaker 2: thirty six thousand and forty dollars.

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Speaker 3: Yeah, I'm curious about that.

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Speaker 2: Very specific, but major contributors to the out of pocket

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Speaker 2: costs for breast cancer breast reconstructive surgery, which can be optional,

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Speaker 2: that ranges between two thousand, nine hundred and fifty seven

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Speaker 2: dollars to nine thousand, four hundred and seventy two dollars.

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Speaker 2: Radiotherapy between seventeen hundred and fifty one to two thousand,

433
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Speaker 2: one hundred and one dollars. Pathology tests. I didn't see

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Speaker 2: this one coming. So is going get a blood test? Right?

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Speaker 4: Blood?

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00:21:51,880 --> 00:21:54,720
Speaker 2: Like pathology? Yeah, and like obviously not just blood tests,

437
00:21:54,760 --> 00:21:57,639
Speaker 2: but like sending like bits of tissue off to the

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Speaker 2: lab to be sampled and stuff. I just didn't realize

439
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Speaker 2: how expensive it was. That's between thirty five hundred dollars

440
00:22:03,600 --> 00:22:06,400
Speaker 2: and four thousand, two hundred and fifty bucks. Ohoh, that's

441
00:22:06,440 --> 00:22:09,280
Speaker 2: a lot, right. I just thought radiotherapy would be the

442
00:22:09,320 --> 00:22:13,000
Speaker 2: more expensive one out of those two, right, True genetic testing,

443
00:22:13,080 --> 00:22:16,000
Speaker 2: so that's between seven hundred and seventy four dollars and

444
00:22:16,320 --> 00:22:20,359
Speaker 2: twelve hundred and fifty one dollars, and MRIs they're between

445
00:22:20,400 --> 00:22:23,479
Speaker 2: four hundred and fifty one and fifteen hundred and fifty

446
00:22:23,600 --> 00:22:26,480
Speaker 2: four dollars. So those are a lot of costs.

447
00:22:26,720 --> 00:22:29,199
Speaker 3: Yeah, and I suppose so some of them, Like the

448
00:22:29,240 --> 00:22:33,359
Speaker 3: genetic testing I only recently discovered that's for like to

449
00:22:33,400 --> 00:22:35,359
Speaker 3: see if it will come back and to see if

450
00:22:35,400 --> 00:22:36,320
Speaker 3: it's in the family in a way.

451
00:22:36,400 --> 00:22:38,919
Speaker 2: Yeah, And with breast cancer there's a specific type of

452
00:22:38,960 --> 00:22:41,720
Speaker 2: gene and you can do some genetic testing like today

453
00:22:41,800 --> 00:22:45,240
Speaker 2: if you don't have breast cancer and see if you

454
00:22:45,320 --> 00:22:47,919
Speaker 2: carry that gene, and if you do, your likelihood of

455
00:22:47,960 --> 00:22:51,480
Speaker 2: you developing breast cancer is incredibly high, so you can

456
00:22:51,520 --> 00:22:53,600
Speaker 2: do something about it and like work out what that

457
00:22:53,680 --> 00:22:57,880
Speaker 2: looks like and that gene is genetic. Yeah, okay, if

458
00:22:57,880 --> 00:23:00,199
Speaker 2: your mum has it, you should be getting tested. And

459
00:23:00,240 --> 00:23:02,560
Speaker 2: I think that that should be true of everybody. I

460
00:23:02,560 --> 00:23:05,480
Speaker 2: always think that if something's going on in your family

461
00:23:05,520 --> 00:23:07,680
Speaker 2: and you carry the same genes, Like we were talking

462
00:23:07,680 --> 00:23:11,200
Speaker 2: about prostate cancer before, like if you also have a prostate,

463
00:23:11,240 --> 00:23:13,520
Speaker 2: you probably should get that checked, just to be on

464
00:23:14,000 --> 00:23:16,760
Speaker 2: the safe side, right, Like, if something's happening to them,

465
00:23:17,400 --> 00:23:19,479
Speaker 2: don't think, Okay, well that's happening to them, it will

466
00:23:19,520 --> 00:23:22,159
Speaker 2: never happen to me. Like, just be more active about

467
00:23:22,160 --> 00:23:25,080
Speaker 2: these things. Yeah, like just be on top of it. Again,

468
00:23:25,800 --> 00:23:28,240
Speaker 2: similar to insurance. I'd love that to be a waste

469
00:23:28,280 --> 00:23:30,560
Speaker 2: of your time. Yeah, I would really love that.

470
00:23:30,840 --> 00:23:35,040
Speaker 3: Yeah, I completely agree. Now let's look at bow cancer X.

471
00:23:35,160 --> 00:23:37,440
Speaker 2: Yeah. So the average lifetime costs for bow cancer was

472
00:23:37,480 --> 00:23:40,200
Speaker 2: fifty four hundred and sixty bucks and bow cancer is

473
00:23:40,240 --> 00:23:43,879
Speaker 2: the second most common cause of death from cancer in

474
00:23:43,920 --> 00:23:48,439
Speaker 2: Australia behind lung cancer. WHOA. Costs from bow cancer include

475
00:23:48,480 --> 00:23:52,040
Speaker 2: those related to medical appointments, tests and treatments. People with

476
00:23:52,160 --> 00:23:55,840
Speaker 2: suspected bow cancer may have initial investigations with a GP,

477
00:23:56,320 --> 00:23:59,760
Speaker 2: followed up by more in depth investigations by a specialist doctor.

478
00:24:00,200 --> 00:24:03,760
Speaker 2: Overall survival rates for bow cancer are much lower than

479
00:24:03,800 --> 00:24:07,880
Speaker 2: other common cancers such as prostate and breast cancer. That's

480
00:24:07,920 --> 00:24:10,119
Speaker 2: really sad, I because I think it's hits one of

481
00:24:10,160 --> 00:24:12,240
Speaker 2: those things that they come up quite late.

482
00:24:12,600 --> 00:24:16,160
Speaker 3: Yeah, right, right right, And to my knowledge, I don't

483
00:24:16,160 --> 00:24:19,560
Speaker 3: believe there's a lot of awareness, so maybe not enough awareness.

484
00:24:19,600 --> 00:24:22,280
Speaker 2: There's not enough awareness around bad cancer at all. I've

485
00:24:22,280 --> 00:24:25,479
Speaker 2: actually got a girlfriend who is a nurse at a

486
00:24:25,480 --> 00:24:29,119
Speaker 2: clinic that does like colonoscopiece and endoscopies and stuff like

487
00:24:29,119 --> 00:24:33,320
Speaker 2: that to check your digestive system. And the amount of

488
00:24:33,400 --> 00:24:38,000
Speaker 2: people that she diagnoses with bow cancer or like, you know,

489
00:24:38,080 --> 00:24:40,160
Speaker 2: she's not the diagnoso, you know what I mean, She's

490
00:24:40,200 --> 00:24:42,879
Speaker 2: in there and they find bow cancer is wild. But

491
00:24:42,920 --> 00:24:46,520
Speaker 2: the other thing is a thing called polyps, and having

492
00:24:46,560 --> 00:24:49,480
Speaker 2: polyps in your bow is an indicator that they could

493
00:24:49,520 --> 00:24:53,400
Speaker 2: turn into cancer. So you can actually get checked. And

494
00:24:53,760 --> 00:24:56,480
Speaker 2: she said that so many people just think, oh, you know,

495
00:24:56,720 --> 00:24:58,359
Speaker 2: a little bit of blood, am I still that was

496
00:24:58,440 --> 00:25:00,719
Speaker 2: just normal, like it'll go away, it'll go away, and

497
00:25:00,760 --> 00:25:03,000
Speaker 2: we just sweep it under the table, don't think about it.

498
00:25:03,000 --> 00:25:06,600
Speaker 2: Because honestly, it's not that comfortable to talk about pooh, right,

499
00:25:06,680 --> 00:25:08,560
Speaker 2: but you just don't really want to talk about that doo.

500
00:25:08,680 --> 00:25:10,280
Speaker 2: You're not going to bring it up with your partner.

501
00:25:10,600 --> 00:25:12,320
Speaker 2: It's not that sexy. I get it.

502
00:25:12,400 --> 00:25:13,439
Speaker 4: But you really should be.

503
00:25:13,960 --> 00:25:16,879
Speaker 2: You really should be having these conversations and if anything

504
00:25:17,000 --> 00:25:19,359
Speaker 2: is a little bit off, talk g YOUGP. Yeah again,

505
00:25:19,640 --> 00:25:21,679
Speaker 2: I would prefer you to get checked and have a

506
00:25:21,720 --> 00:25:24,320
Speaker 2: polyp removed that your doctor's like, oh, it's just better

507
00:25:24,320 --> 00:25:26,040
Speaker 2: to get rid of it in case it turned into

508
00:25:26,080 --> 00:25:29,080
Speaker 2: boil cancer. Then have a really nasty conversation later down

509
00:25:29,119 --> 00:25:29,520
Speaker 2: the track.

510
00:25:29,680 --> 00:25:32,120
Speaker 3: Yeah, absolutely, I love that. So this is a really

511
00:25:32,119 --> 00:25:33,800
Speaker 3: good time for me. Ask me, what do you want

512
00:25:33,920 --> 00:25:35,520
Speaker 3: people to take away from this episode?

513
00:25:35,720 --> 00:25:38,720
Speaker 2: Take care of your health please, but also being aware

514
00:25:38,760 --> 00:25:42,199
Speaker 2: of these things and how they play into the necessity

515
00:25:42,240 --> 00:25:45,560
Speaker 2: of insurance in Australia. But we know here in Australia

516
00:25:45,680 --> 00:25:49,359
Speaker 2: we are the most underinsured country in the entire world

517
00:25:49,680 --> 00:25:52,399
Speaker 2: because we've just got to should be right kind of attitude.

518
00:25:52,880 --> 00:25:56,160
Speaker 2: And as much as that is beautiful, it is so nice,

519
00:25:56,240 --> 00:25:58,240
Speaker 2: right this idea that we're like a little bit carefree,

520
00:25:58,280 --> 00:25:59,920
Speaker 2: a little bit cool. We all sound like we go

521
00:26:00,200 --> 00:26:04,480
Speaker 2: Byron on the weekends. But unfortunately, it doesn't matter who

522
00:26:04,520 --> 00:26:07,159
Speaker 2: you are, what your income is, what your social status is,

523
00:26:07,359 --> 00:26:10,680
Speaker 2: what anything is in your life, you can and might

524
00:26:10,760 --> 00:26:13,040
Speaker 2: be affected by these things. And I think that it's

525
00:26:13,080 --> 00:26:17,080
Speaker 2: better to be educated than completely unaware. So I think

526
00:26:17,119 --> 00:26:19,600
Speaker 2: it's all about please get the small things checked. There's

527
00:26:19,640 --> 00:26:23,000
Speaker 2: no such thing as a silly question, especially in health.

528
00:26:23,320 --> 00:26:26,000
Speaker 2: And I also think just make sure your insurances are

529
00:26:26,080 --> 00:26:28,879
Speaker 2: up to date. If you are somebody who has a

530
00:26:28,880 --> 00:26:32,359
Speaker 2: superannuation fund, nine times out of ten you already have

531
00:26:32,480 --> 00:26:35,280
Speaker 2: insurances that you are paying for. And I find it

532
00:26:35,560 --> 00:26:38,520
Speaker 2: so wild that when I talk about insurances, people like

533
00:26:38,560 --> 00:26:40,440
Speaker 2: it's not worth it. I'm like, baby, you already got it.

534
00:26:41,080 --> 00:26:43,760
Speaker 2: Like you're already paying fees. You may as well have

535
00:26:43,880 --> 00:26:46,520
Speaker 2: somebody review it. Or you might review it to make

536
00:26:46,560 --> 00:26:49,120
Speaker 2: sure you're actually getting bang for buck, because you might

537
00:26:49,160 --> 00:26:51,679
Speaker 2: be spending two hundred bucks a year on something that

538
00:26:51,720 --> 00:26:53,840
Speaker 2: does not cover you for anything that you want to

539
00:26:53,840 --> 00:26:55,640
Speaker 2: be covered for, and that is a waste of your

540
00:26:55,640 --> 00:26:58,240
Speaker 2: money and a waste of your time. There is nothing

541
00:26:58,280 --> 00:27:02,040
Speaker 2: more heartbreaking back and then being approached by someone this

542
00:27:02,080 --> 00:27:05,679
Speaker 2: is historically my financial advice life, who was not my client,

543
00:27:05,760 --> 00:27:07,399
Speaker 2: who was like I really need to talk to a

544
00:27:07,400 --> 00:27:10,480
Speaker 2: financial advisor because I don't understand SUPER and my insurances.

545
00:27:10,840 --> 00:27:13,680
Speaker 2: Need to claim on my insurance inside SUPER because I'm

546
00:27:13,680 --> 00:27:17,760
Speaker 2: going through a significant health event. And you go, I

547
00:27:17,800 --> 00:27:20,600
Speaker 2: can't help you. You canceled that insurance because you said

548
00:27:20,640 --> 00:27:23,960
Speaker 2: it wasn't worth it, or I can't help you because

549
00:27:24,119 --> 00:27:27,560
Speaker 2: the claiming process is you know, it's not for a

550
00:27:27,600 --> 00:27:30,399
Speaker 2: financial advisor to do. I can't help or I can't

551
00:27:30,400 --> 00:27:33,640
Speaker 2: help you because of a multitude of different reasons, because

552
00:27:33,680 --> 00:27:36,359
Speaker 2: it doesn't stack up because you didn't review it soon enough.

553
00:27:36,760 --> 00:27:39,040
Speaker 2: So it might sound really harsh, but just do it, please,

554
00:27:39,119 --> 00:27:39,479
Speaker 2: just do it.

555
00:27:39,640 --> 00:27:41,240
Speaker 4: Yeah, it's a hygiene factor.

556
00:27:41,320 --> 00:27:42,960
Speaker 2: Get it done, Do it once, do it all right,

557
00:27:43,320 --> 00:27:44,720
Speaker 2: check it again in five or ten years.

558
00:27:44,880 --> 00:27:45,120
Speaker 1: Yep.

559
00:27:45,280 --> 00:27:46,480
Speaker 4: It's not like an everyday thing.

560
00:27:46,760 --> 00:27:50,399
Speaker 2: Please just don't be under insured. Absolutely sexy way to

561
00:27:50,520 --> 00:27:51,320
Speaker 2: end this episode.

562
00:27:51,359 --> 00:27:54,159
Speaker 3: It really is. So take it away everyone, Thank you

563
00:27:54,240 --> 00:27:55,520
Speaker 3: so much for listening to this one.

564
00:27:55,600 --> 00:27:57,520
Speaker 2: And we'll see you on Friday.

565
00:27:57,600 --> 00:27:58,879
Speaker 3: Guys, we'll see you on Friday.

566
00:27:58,880 --> 00:28:00,000
Speaker 2: It so furday, have a good way.

567
00:28:06,720 --> 00:28:09,280
Speaker 5: The advice shared on She's on the Money is general

568
00:28:09,320 --> 00:28:13,160
Speaker 5: in nature and does not consider your individual circumstances. She's

569
00:28:13,240 --> 00:28:16,679
Speaker 5: on the Money exists purely for educational purposes and should

570
00:28:16,720 --> 00:28:19,880
Speaker 5: not be relied upon to make an investment or financial decision.

571
00:28:20,280 --> 00:28:22,720
Speaker 5: If you do choose to buy a financial product, read

572
00:28:22,760 --> 00:28:26,080
Speaker 5: the PDS TMD and obtain appropriate financial.

573
00:28:25,680 --> 00:28:27,439
Speaker 2: Advice tailored towards your needs.

574
00:28:27,800 --> 00:28:31,760
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

575
00:28:31,800 --> 00:28:35,920
Speaker 5: of money SHERPA, pty Ltd ABN three two one six

576
00:28:36,000 --> 00:28:39,880
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577
00:28:39,960 --> 00:28:43,640
Speaker 5: one two eight nine