Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money.
Speaker 3: She's on the Money. Hello and welcomed. She's on the
Speaker 3: Money the podcast for millennials who want financial freedom. Today's
Speaker 3: episode is the third in a series of conversations we're
Speaker 3: having that look at the true costs of health care
Speaker 3: in Australia. You started a few weeks back looking at
Speaker 3: the cost of care for some of the most common
Speaker 3: illnesses and conditions with Rhiann and Tracy, and two weeks
Speaker 3: ago we looked at the cost of mental health care.
Speaker 3: So welcome to our third episode where we are looking
Speaker 3: at the cost of another very common illness, cancer. Unfortunately,
Speaker 3: Victoria Divine is with us, h I V.
Speaker 2: Unfortunately Victoria is with us or unfortunately this is the top.
Speaker 2: I'm not sure what you're it's very seriously, it is
Speaker 2: the tone of your voice. We're saying that it was
Speaker 2: unfortunate that I'm joining you today.
Speaker 3: I meant that mostly, but no, it is very unfortunate
Speaker 3: that it is quite a common illness, cancer that we
Speaker 3: are talking about today.
Speaker 2: I couldn't agree more. And I actually really wanted to
Speaker 2: do this series because I really wanted our community to
Speaker 2: avoid any nasty surprises when it comes to the financial
Speaker 2: impact of unexpected health problems. I feel like it something
Speaker 2: that we just don't talk enough about, and I mean
Speaker 2: as Australians with a lucky country, right like, I think
Speaker 2: everybody just seems to have this mentality of it'll never
Speaker 2: happen to me, and unfortunately that's not the case. So
Speaker 2: it's something I have seen unfortunately far too often. I
Speaker 2: think because I worked so deeply in the financial advice space,
Speaker 2: you I guess have the privilege of working with clients
Speaker 2: and establishing their insurances, but you also have I won't
Speaker 2: call it a burden because it's honestly you feel so
Speaker 2: at the time, you're so upset for the family, but
Speaker 2: you're also just so grateful that you can be there
Speaker 2: for them and actually provide support and actually instigate something
Speaker 2: that's going to put them in a significantly better position.
Speaker 2: But you just see it so much more often than
Speaker 2: you think you would. And we're having these conversations, right
Speaker 2: because obviously I'm obsessed with insurance, but I also think
Speaker 2: the best type of insurance is the one you never
Speaker 2: have to claim on, because that means that you're perfectly healthy,
Speaker 2: Beck and you never needed it. Like I've said it
Speaker 2: so many times, I want your insurance to be a
Speaker 2: waste of money. Yeah, I want you to look back
Speaker 2: on it in fifty years and be like, oh my gosh,
Speaker 2: I absolutely put all of those premiums that I was
Speaker 2: paying straight in the trash. It was like shredding money.
Speaker 2: I would love for you to say that, because that
Speaker 2: means in the fifty years that you had that premium enforced,
Speaker 2: you didn't have to claim on it. Nobody can predict
Speaker 2: that though, right, Like if we could predict that, one,
Speaker 2: I'd be real rich. But also two, I just think
Speaker 2: it's one of those things that you can't predict it. Yes,
Speaker 2: genetics comes into it, but obviously, so much of the
Speaker 2: cancer world is unforeseen. Ongoing advancements in the diagnosis and
Speaker 2: treatment of disease have seen our lifetime expectancy increase in
Speaker 2: increasing increase. Beck Like it is wild. Like they now
Speaker 2: say that there is somebody walking this earth. They're probably
Speaker 2: really young today because it's definitely not your eye with
Speaker 2: the way we've lived our life. But there is somebody
Speaker 2: walking the earth today that is going to live to
Speaker 2: the age of one hundred and fifty. Isn't that crazy?
Speaker 2: Oh my god, it's crazy about our life expectancy has
Speaker 2: gone up and up, and I mean that's not the
Speaker 2: average when we talk about one fifty, but like that's
Speaker 2: going to happen at some point in someone on this
Speaker 2: planet's lifetime, isn't While.
Speaker 3: Yeah, would you actually want to be around that long?
Speaker 3: I feel like it's going to get boring.
Speaker 2: I don't know. I think it's it's funny because we
Speaker 2: used to have this debate. I used to have a
Speaker 2: group of friends and we'll just be very existential about
Speaker 2: our lives, and I just I don't think I want
Speaker 2: to live forever, Like unless absolutely everybody was living a
Speaker 2: lot longer. I don't know. I remember having this conversation
Speaker 2: with my grandpa who got to ninety four, and I
Speaker 2: was quite young when he passed away, but I was like,
Speaker 2: you're so old, like obviously had absolutely no common sense
Speaker 2: at that point to not be rude to my elders,
Speaker 2: but I'm so old. And he said, yeah, but you
Speaker 2: know I'm I'm old and my time will come soon
Speaker 2: kind of vibe and I can't remember word for word
Speaker 2: war it was, but he said, I never thought that
Speaker 2: being old would be this lonely because every single person
Speaker 2: around him had passed away, like my grandma had passed
Speaker 2: away a few years before, and all of his friends,
Speaker 2: Like all he did was go to his friend's funerals,
Speaker 2: like they became the outings that he was going to.
Speaker 2: And ninety four is a really good innings, Like it's
Speaker 2: so epic, but it's so upsetting to think that alongside
Speaker 2: getting that old, you go through so much sadness as well.
Speaker 2: And I just I don't think I want that. No,
Speaker 2: I don't want to consistently see the people around me leave.
Speaker 3: I know that's actually that's actually very devastating.
Speaker 2: So moving back to the topic, Beck We're seeing more
Speaker 2: and more people live with cancer rather than pass away
Speaker 2: from it and serious health conditions, and the cost of
Speaker 2: burden on our health care system has been growing. So
Speaker 2: we actually really need to know what this means for
Speaker 2: us and our loved ones, because as technology improves, it
Speaker 2: means that more tax payer dollars are going to healthcare,
Speaker 2: which is honestly, from my if, an absolute privilege to fund.
Speaker 2: But at the same time, it's not endless. Yeah, like
Speaker 2: it comes to a cap, things have to be allocated.
Speaker 2: We have to have these conversations about what is fair,
Speaker 2: how do we protect ourselves even when it comes and
Speaker 2: I mean this is a completely separate side topic, but
Speaker 2: even when it comes to the pension, like how many
Speaker 2: people can be on the pension before they can't afford
Speaker 2: to give the pension anymore? And with our rising population
Speaker 2: and the increase in life expectancy, like, how are we
Speaker 2: actually planning for this as a country if people aren't
Speaker 2: in a position, especially right now we're in the middle
Speaker 2: of a cost of living crisispect like how many of
Speaker 2: us are actually investing for our future? What does that
Speaker 2: look like? Like it's not just scary on an individual level,
Speaker 2: it's scary on a holistic community level because what's gonna happen?
Speaker 3: Yeah, it is so scary. I would recommend anyone listening
Speaker 3: to this. If you haven't listened to the last two
Speaker 3: episodes in this series, please do go back and listen.
Speaker 3: They are really interesting. But I don't think you have
Speaker 3: to listen to them in any specific order.
Speaker 2: Just is not who just isn't really talking about specific
Speaker 2: topics in this series, but they don't link together.
Speaker 3: Yeah, exactly. So the I guess, could you take us
Speaker 3: through what is a snapshot of the prevalence of cancer
Speaker 3: in Australia. So we have gone back to the research
Speaker 3: in the ZERI Cost of Care Report, and as I've
Speaker 3: said before, I really love the data in this report.
Speaker 3: Cancer beck represents nineteen percent of the disease burden here
Speaker 3: in Australia and it's one of the most financially impactful.
Speaker 3: One in three Australian men and one in four Australian
Speaker 3: women will be diagnosed with some type of cancer before
Speaker 3: they turn seventy five. Wow, that's a lot.
Speaker 2: Prostate cancer is the most prevalent, followed by breast cancer,
Speaker 2: bowel cancer and melanoma. Australia has the second highest prevalence
Speaker 2: of melanoma in the entire world.
Speaker 4: Wow.
Speaker 2: Five year survival rates range from sixteen percent flood cancer
Speaker 2: to ninety five percent for prostate cancer.
Speaker 3: Oh well, ninety survival rate for prostate cancer is actually
Speaker 3: not bad.
Speaker 2: It's actually epic. And I'm pretty sure the data, which
Speaker 2: is not in front of me at the moment, has
Speaker 2: said that over the last twenty five years that has
Speaker 2: increased significantly because people are more likely to go to
Speaker 2: their gps to get niggles and things checked. And I
Speaker 2: mean lots of people have prostates, but particular I mean
Speaker 2: the stereotype of men not wanting to go to the
Speaker 2: GP would play into this, and I think that's being
Speaker 2: broken down and more people are more comfortable to seek
Speaker 2: medical advice when they're like, oh, this just doesn't seem right.
Speaker 2: If it doesn't seem right, just get checked, yeap, Just
Speaker 2: go and have a chat with your GP, like my GP,
Speaker 2: and I hey, Greg, BFF, like I check everything. And
Speaker 2: I don't even think I'm being a hypochondriac in this circumstance.
Speaker 2: I think I'm just you know, Okay, well, I'll just
Speaker 2: pop that on my list of things that next time.
Speaker 2: At the GP I want to check, and I go, oh,
Speaker 2: if I haven't been to the GP in a while, Like,
Speaker 2: I think about whether I need it, and if there
Speaker 2: was anything on my list of things I need to
Speaker 2: get checked. I'm not someone who every week is like,
Speaker 2: oh my gosh, I need to go to the doctor.
Speaker 2: But I think it's just so important to be on
Speaker 2: top of your own health because that plays into so
Speaker 2: many different areas of your life. And as we have
Speaker 2: been talking about over the last couple of weeks, your
Speaker 2: health is directly linked to your ability to produce an income. Yeah,
Speaker 2: so financially it makes sense to look after your health. Yeah,
Speaker 2: that makes so much sense. So if you're not caring
Speaker 2: about yourself in the way that you should, one, you should.
Speaker 2: But two, there's money at stake, so let's let's look
Speaker 2: at that side.
Speaker 3: Yeah, exactly. If nothing else will motivate you, money certainly
Speaker 3: will and hopefully should literally. And they also say prevention
Speaker 3: is the best cure.
Speaker 1: Two.
Speaker 3: True, you know that's not for every case.
Speaker 2: But they also say an apple a day keeps the doctor.
Speaker 2: I don't I know what that you Confessedly, where's that
Speaker 2: come from?
Speaker 3: I mean, I think if that was the only thing
Speaker 3: we had to do, I would be eating apples all
Speaker 3: the time.
Speaker 2: This podcast in the business category, though not the medical category.
Speaker 2: So take what you wish you eversation.
Speaker 3: You can start eating apple a day if few weeks
Speaker 3: is really good. They're very good. They're so very good.
Speaker 2: Have you had a jazz apple before?
Speaker 3: Oh I'm not a jazz fan. Yeah, Grannie Smith or
Speaker 3: pink Lady who eats Grannie Smith apples?
Speaker 2: All right? Back onto the topic. Because you're rogue and wrong.
Speaker 3: It seems just judging by everyone, very wrong.
Speaker 2: What the hecking?
Speaker 1: Now?
Speaker 3: Back on topic. Although healthcare in Australia is largely publicly funded,
Speaker 3: out of pocket costs associated with cancer diagnosis and treatment
Speaker 3: and survival can place a huge burden on sufferers in
Speaker 3: their families. So v what sort of things are people
Speaker 3: having to pay for? Lots of things?
Speaker 4: Right?
Speaker 2: So GPS and specialist gap payments GPS. We have been
Speaker 2: having these conversations consistently in our community about how lots
Speaker 2: of GPS aren't offering bulk billing anymore. So I feel
Speaker 2: like this cost is just going to increase over time.
Speaker 2: Scans or tests outside the public system. Over the counter
Speaker 2: medications for pain relief and other purposes like pain and
Speaker 2: you are consistently trotting down to chemist warehouse to get
Speaker 2: your advil. Like that adds up. Those things add up,
Speaker 2: complementary medicines or therapies, medical devices, treatment related travel and accommodation.
Speaker 2: Just because you're going through a circumstance that is traumatic
Speaker 2: does not mean you have access to close care. And
Speaker 2: sometimes the best care is actually in a different state.
Speaker 2: Like I grew up in Tasmania and the Tasmanian healthcare
Speaker 2: system is beautiful. Please don't get me wrong about that.
Speaker 2: But the amount of family members that I have had
Speaker 2: that have had to fly to different states to get
Speaker 2: medical procedures done, necessary medical procedures we're not talking about,
Speaker 2: like elective surgeries, is wild. Like it blows my mind
Speaker 2: that sometimes you actually have to leave the state to
Speaker 2: get the best care in a particular area. I'm not
Speaker 2: saying anything bad about the healthcare system in Tasi. It
Speaker 2: is great. As long as you haven't watched maths and
Speaker 2: haven't got an idea of what the nurses are. I
Speaker 2: can promise the nurses in my family in Tasmania. Elate,
Speaker 2: you're talking about yet wild?
Speaker 3: I was kind of a fan.
Speaker 2: What do you mean you were kind of a fan.
Speaker 3: I don't know something about it.
Speaker 2: You just like the drama.
Speaker 3: I like the drama, and you know she's not hard
Speaker 3: on the eye. I'm not gonna go.
Speaker 2: Okay, all right, no worries.
Speaker 3: If you're listening to this, I love you so much.
Speaker 3: All right, Okay, moving on on.
Speaker 2: There's also things like personal care, right, like if you
Speaker 2: need to manage stuff like ULCs that you get during radiotherapy,
Speaker 2: like you're going to be buying things that help you
Speaker 2: with that. Things add up. But it's also you know,
Speaker 2: not I don't know. I just I feel like those
Speaker 2: are the things that you and I can quantify. What
Speaker 2: about the time off work? What about the cost of
Speaker 2: the carers that are looking after you to take and
Speaker 2: you'll leave days. What about the impact to you progressing
Speaker 2: in your career. You're not going to be focusing on
Speaker 2: progressing in your career if there's something more serious going on,
Speaker 2: and that makes absolute sense. But at the end of
Speaker 2: the day, that is a setback. Yeah, and we need
Speaker 2: to talk about that. So there's just lots that go
Speaker 2: into it.
Speaker 3: Yeah, definitely. Now I wanted to ask, and it's probably
Speaker 3: going to be really depressing answer, but it will be
Speaker 3: what are some of the average lifetime costs for people
Speaker 3: with different types of cancers?
Speaker 2: Yeah, so before we go through this, obviously this is
Speaker 2: the recorded stuff from this report, and after our beautiful
Speaker 2: conversation with my friend Rann and Tracy who talked about
Speaker 2: her experience, we know it's much more than this. So
Speaker 2: she is a quadriplegic, and she said it's in the
Speaker 2: eleven million dollar disability and she reckons it's worth more
Speaker 2: than that, Like that's just the bare minimum. So keep
Speaker 2: that in mind while they go through these numbers. Okay,
Speaker 2: So the average lifetime cost for prostate cancer is thirty
Speaker 2: six eight hundred dollars, Breast cancer is thirty six thousand
Speaker 2: and forty dollars. Our cancer is fifty one thousand, four
Speaker 2: hundred and sixty dollars, melanoma. Skin cancer is twenty thousand,
Speaker 2: three hundred and sixty dollars. Lung cancer is seventy four thousand,
Speaker 2: six hundred dollars. Non Hodgkins lymphoma, she's getting pricey eighty
Speaker 2: seven thousand, five hundred dollars years. Head, neck and thyroid
Speaker 2: cancers ninety five thousand, four hundred and sixty dollars, kidney
Speaker 2: cancer sixty three thousand, two hundred and twenty dollars, and
Speaker 2: uterine cancer is forty six thousand and thirty dollars.
Speaker 3: Oh my gosh, I knew it was going to be depressing.
Speaker 3: That is a lot of money. And I can't even
Speaker 3: fell them having like Wetty Star. That's insane.
Speaker 2: It's insane. It's also like to me, I think it
Speaker 2: makes sense, like in terms of the impact and the
Speaker 2: longevity of things like as we heard before, we said
Speaker 2: that the five year survival rate for prostate cancer was
Speaker 2: ninety five percent, and that cancer was on the lower scale,
Speaker 2: so that was thirty six thousand, eight hundred, So that's
Speaker 2: a lot. That's a lot of money.
Speaker 3: We are not downplaying that for any moment, but often
Speaker 3: if identified earlier, it can be gotten rid of and
Speaker 3: you can return to life as usual. Something like headneck,
Speaker 3: and thyroid cancers, which had the cost of ninety five,
Speaker 3: four hundred and sixty dollars as an average lifetime cost,
Speaker 3: often aren't identified as early as a prostate cancer. Really,
Speaker 3: So like there's lots that go into these numbers. There's
Speaker 3: different levels of care, there's different types of surgeries, and
Speaker 3: different types of you know, radiation and chemotherapy and things
Speaker 3: that go into this.
Speaker 2: But that's just so much money that we just don't
Speaker 2: have back.
Speaker 3: Yeah yeah, unfortunately, so V what are the sorts of
Speaker 3: numbers that we're looking at when it comes to dollars
Speaker 3: for drugs and treatment and also what cancer sufferer is
Speaker 3: willing to actually pursue for treatment.
Speaker 2: Yeah, so I guess again, I want to before answering this,
Speaker 2: just really acknowledge our privilege, Like this is so much money.
Speaker 2: I don't want people to think that we're complaining about
Speaker 2: these costs though, because if we look around the world,
Speaker 2: I guess, competing healthcare systems, these things send people into debt.
Speaker 2: The average cost of cancer in America is like a
Speaker 2: million dollars whoa because of the type of treatment and
Speaker 2: everything is out of pocket, Like that is a u
Speaker 2: cost if you don't have health care through your job,
Speaker 2: which is again is an absolute privilege. And as we know,
Speaker 2: like if you don't have health care, you're probably the
Speaker 2: type of person that probably can't afford to pay the
Speaker 2: out of pocket fees because you're not a full time employee.
Speaker 2: And that's not a judgment, that is just the fact
Speaker 2: of the matter. Often health care comes with those higher
Speaker 2: level white collar jobs, right like you hear about it
Speaker 2: all the time, or I do on TikTok because I'm
Speaker 2: on like the HR side of TikTok and it's like
Speaker 2: so juicy. I don't know if anybody else I don't know,
Speaker 2: I don't know. I'm also on I think I've told
Speaker 2: you this before, Utah Mum TikTok.
Speaker 3: I've told you this.
Speaker 2: Have I told you this?
Speaker 3: Sounds familiar?
Speaker 1: Yep?
Speaker 2: So in Utah, lots of them are Mormons, and I'm
Speaker 2: adoring learning about how they live their lives and how
Speaker 2: much they are obsessed with diet coke. And I told
Speaker 2: you about how I ordered those line packets. Well we've upgraded.
Speaker 2: I have become a Utah mum. I bought the Stanley
Speaker 2: cup that they have. And you're not going to know
Speaker 2: what I'm talking about because they're not crazy. But there
Speaker 2: are going to be people listening to this podcast that
Speaker 2: are shaking their heads and they're like, no, you didn't, Victoria,
Speaker 2: No you didn't.
Speaker 3: We want phonus.
Speaker 2: I will put it on Instagram, but we'll leave this
Speaker 2: conversation there. But it is an absolute privilege to have
Speaker 2: the numbers we have. I mean, they could be better.
Speaker 2: There are definitely better healthcare systems around the world, but
Speaker 2: there are definitely worse ones that could absolutely destroy you.
Speaker 1: Beck.
Speaker 2: So jumping back on that, Beck, the average cost paid
Speaker 2: by the Pharmaceutical Benefits Scheme or the PBS, which I
Speaker 2: seem to be struggling to get out today per anti
Speaker 2: cancer prescription has increased far in excessive inflation and is
Speaker 2: currently seven hundred and eighty six dollars. Pharmaceutical companies can
Speaker 2: spend up to two billion dollars developing new cancer treatments,
Speaker 2: and then patients using drugs not supported by the PBS
Speaker 2: can face bills of up to five thousand dollars a
Speaker 2: month jeez, a month or more. Individuals who are facing
Speaker 2: an uncertain future will seek any source of hope, even
Speaker 2: if the efficacy of the treatment is unclear. And people
Speaker 2: who live outside major cities have seventeen times the odd
Speaker 2: of reporting locational or financial barriers to care compared to
Speaker 2: those living in metropolitan areas, isn't that wild? Like, I
Speaker 2: know that makes sense, and I mentioned it before, and
Speaker 2: I guess that's why because we look into it. But
Speaker 2: it's just you can't access it because you either can't
Speaker 2: get there you can't afford to get there.
Speaker 3: That's really scary, so unfair. I know it's unfair. It's scary,
Speaker 3: and it's pretty devastating. So the big focus of our
Speaker 3: previous episodes has been the hidden cost and careers who
Speaker 3: are family members or friends and they often don't get
Speaker 3: looked at. So what do we know about the cost
Speaker 3: to caregivers of people with cancer?
Speaker 2: Yeah, so the average overall cost to the household is
Speaker 2: estimated at forty eight thousand dollars. Jeez, that's like an
Speaker 2: annual salary for some people. Around seventy two percent of
Speaker 2: cancer cares report a negative financial impact of caring, and
Speaker 2: more than half of cares who work full time need
Speaker 2: to take leave or reduce their working hours. Around one
Speaker 2: point three million hours of informal care are provided to
Speaker 2: individuals with cancer each year. Wow, it's a lot of hours.
Speaker 2: That is it's a lot of unpaid hours.
Speaker 3: Yes, that is exactly right.
Speaker 2: That's unacceptable.
Speaker 3: It's unacceptable. I feel like this is a really good
Speaker 3: moment to jump to a quick break and come straight
Speaker 3: back and see you guys on the other side. Okay,
Speaker 3: V we are back and we are talking about the
Speaker 3: cost of cancer in Australia, the third in this series
Speaker 3: breaking down how much healthcare really costs in this country.
Speaker 3: So v I wanted to ask about some more detail
Speaker 3: now on more common types of cancer. You mentioned process cancer. Yeah,
Speaker 3: that's the most common, that's the most common. Yeah, so
Speaker 3: let's look at that one first, I.
Speaker 2: Suppose, all right. So, as we mentioned at the top
Speaker 2: of the episode, the average cost or the average lifetime
Speaker 2: cost is thirty six eight hundred dollars. Seventy percent of
Speaker 2: people diagnosed with prostate cancer reports spending more on cancer
Speaker 2: treatment than they had expected, and the average out of
Speaker 2: pocket cost of care for prostate cancer treatment in newly
Speaker 2: diagnosed patients was eleven thousand and seventy seven dollars in
Speaker 2: the first year and ranged from two hundred and fifty
Speaker 2: bucks all the way up to thirty thousand dollars. Spending
Speaker 2: was largely on things like specialist fees, hospital services, medical
Speaker 2: equipment and supplies. In medicine, one in four people stopped
Speaker 2: working as a result of their diagnosis, and out of
Speaker 2: those who retired, most had done so four to five
Speaker 2: years earlier than they had actually planned to do so.
Speaker 3: Right Okay, that would I imagine cost a lot in itself.
Speaker 2: Yeah, exactly. That's five years of not investing. That's five
Speaker 2: years of not saving. That's five years I won't say behind,
Speaker 2: but that's five years that you didn't get further ahead
Speaker 2: than you thought you were going.
Speaker 3: Sure, yeah, absolutely, it's a lot. So let's talk next
Speaker 3: about breast cancer.
Speaker 2: So the average cost, as we said earlier, is thirty
Speaker 2: six thousand and forty dollars. I really want to know,
Speaker 2: like the this specific breakdowns of where they got that
Speaker 2: additional forty bucks from. It's not just thirty six thousand,
Speaker 2: thirty six thousand and forty dollars.
Speaker 3: Yeah, I'm curious about that.
Speaker 2: Very specific, but major contributors to the out of pocket
Speaker 2: costs for breast cancer breast reconstructive surgery, which can be optional,
Speaker 2: that ranges between two thousand, nine hundred and fifty seven
Speaker 2: dollars to nine thousand, four hundred and seventy two dollars.
Speaker 2: Radiotherapy between seventeen hundred and fifty one to two thousand,
Speaker 2: one hundred and one dollars. Pathology tests. I didn't see
Speaker 2: this one coming. So is going get a blood test? Right?
Speaker 2: Blood like pathology? Yeah, and like obviously not just blood tests,
Speaker 2: but like sending like bits of tissue off to the
Speaker 2: lab to be sampled and stuff. I just didn't realize
Speaker 2: how expensive it was. That's between thirty five hundred dollars
Speaker 2: and four thousand, two hundred and fifty bucks. Ohoh, that's
Speaker 2: a lot, right. I just thought radiotherapy would be the
Speaker 2: more expensive one out of those two, right, true genetic
Speaker 2: testing so that's between seven hundred and seventy four dollars
Speaker 2: and twelve hundred and fifty one dollars, and MRIs they're
Speaker 2: between four hundred and fifty one and fifteen hundred and
Speaker 2: fifty four dollars. So those are a lot of costs.
Speaker 3: Yeah, and I suppose so some of them, Like the
Speaker 3: genetic testing I only recently discovered that's for like to
Speaker 3: see if it will come back and to see if
Speaker 3: it's in the family in a way.
Speaker 2: Yeah, And with breast cancer there's a specific type of
Speaker 2: gene and you can do some genetic testing like today
Speaker 2: if you don't have breast cancer and see if you
Speaker 2: carry that gene, and if you do, the likelihood of
Speaker 2: you developing breast cancer is incredibly high, so you can
Speaker 2: do something about it and like work out what that
Speaker 2: looks like and that gene is genetic. Yeah, okay, if
Speaker 2: your mum has it, you should be getting tested. And
Speaker 2: I think that that should be true of everybody. I
Speaker 2: always think that if something's going on in your family
Speaker 2: and you carry the same genes, Like we were talking
Speaker 2: about prostate cancer before, like if you also have a prostate,
Speaker 2: you probably should get that checked, just to be on
Speaker 2: the safe side, right, Like, if something's happening to them,
Speaker 2: don't think, Okay, well that's happening to them, it will
Speaker 2: never happen to me. Like, just be more active about
Speaker 2: these things. Yeah, like just be on top of it. Again,
Speaker 2: similar to insurance. I'd love that to be a waste
Speaker 2: of your time. Yeah, I would really love that.
Speaker 3: Yeah, I completely agree. Now let's look at bow cancer NEX.
Speaker 2: Yeah. So the average lifetime costs for bow cancer was
Speaker 2: fifty four hundred and sixty bucks and bow cancer is
Speaker 2: the second most common cause of death from cancer in
Speaker 2: Australia behind lung cancer. WHOA. Costs from bow cancer include
Speaker 2: those related to medical appointments, tests and treatments. People with
Speaker 2: suspected bow cancer may have initial investigations with a GP
Speaker 2: followed up by more in depth investigations by a specialist doctor.
Speaker 2: Overall survival rates for bow cancer are much lower than
Speaker 2: other common cancers such as prostate and breast cancer. That's
Speaker 2: really sad, I because I think it's hits one of
Speaker 2: those things that they come up quite late.
Speaker 3: Yeah, right, right right, And to my knowledge, I don't
Speaker 3: believe there's a lot of awareness, so maybe not enough awareness.
Speaker 2: There's not enough awareness around band cancer at all. I've
Speaker 2: actually got a girlfriend who is a nurse at a
Speaker 2: clinic that does like colonoscopiece and endoscopies and stuff like
Speaker 2: that to check your digestive system. And the amount of
Speaker 2: people that she diagnoses with bow cancer or like, you know,
Speaker 2: she's not the diagnoso you know what I mean, she's
Speaker 2: in there and they find bow cancer is wild. But
Speaker 2: the other thing is a thing called polyps, and having
Speaker 2: polyps in your bow is an indicator that they could
Speaker 2: turn into cancer. So you can actually get checked. And
Speaker 2: she said that so many people just think, oh, you
Speaker 2: know a little bit of blood am I still that
Speaker 2: was just normal, like it'll go away, it'll go away,
Speaker 2: and we just sweep it under the table, don't think
Speaker 2: about it. Because Honestly, it's not that comfortable to talk
Speaker 2: about pooh, right, but you just don't really want to
Speaker 2: talk about that doo. You're not going to bring it
Speaker 2: up with your partner. It's not that sexy. I get it.
Speaker 2: But you really should be. You really should be having
Speaker 2: these conversations and if anything is a little bit off,
Speaker 2: talk g YOUGP. Yeah again, I would prefer you to
Speaker 2: get checked and have a polyp removed that your doctor's like, oh,
Speaker 2: it's just better to get rid of it in case
Speaker 2: it turned into boil cancer. Then have a really nasty
Speaker 2: conversation later down the track.
Speaker 3: Yeah, absolutely, I love that. So this is a really
Speaker 3: good time for me. Ask me, what do you want
Speaker 3: people to take away from this episode?
Speaker 2: Take care of your health please, but also being aware
Speaker 2: of these things and how they play into the necessity
Speaker 2: of insurance in Australia. But we know here in Australia
Speaker 2: we are the most underinsured country in the entire world
Speaker 2: because we've just got to should be right kind of attitude.
Speaker 2: And as much as that is beautiful, it is so nice,
Speaker 2: right this idea that we're like a little bit carefree,
Speaker 2: a little bit cool. We all sound like we go
Speaker 2: Byron on the weekends. But unfortunately, it doesn't matter who
Speaker 2: you are, what your income is, what your social status is,
Speaker 2: what anything is in your life, you can and might
Speaker 2: be affected by these things. And I think that it's
Speaker 2: better to be educated than completely unaware. So I think
Speaker 2: it's all about please get the small things checked. There's
Speaker 2: no such thing as a silly question, especially in health.
Speaker 2: And I also think just make sure your insurances are
Speaker 2: up to date. If you are somebody who has a
Speaker 2: superannuation fund, nine times out of ten you already have
Speaker 2: insurances that you are paying for. And I find it
Speaker 2: so wild that when I talk about insurances, people like
Speaker 2: it's not worth it. I'm like, baby, you already got it,
Speaker 2: Like you're already paying fees. You may as well have
Speaker 2: somebody review it. Or you might review it to make
Speaker 2: sure you're actually getting bang for buck, because you might
Speaker 2: be spending two hundred bucks a year on something that
Speaker 2: does not cover you for anything that you want to
Speaker 2: be covered for, and that is a waste of your
Speaker 2: money and a waste of your time. There is nothing
Speaker 2: more heartbreaking back and then being approached by someone this
Speaker 2: is historically my financial advice life, who was not my
Speaker 2: client who was like, I really need to talk to
Speaker 2: a financial advisor because I don't understand SUPER and my insurances.
Speaker 2: Need to claim on my insurance inside SUPER because I'm
Speaker 2: going through a significant health event. And you go, I
Speaker 2: can't help you. You canceled that insurance because you said
Speaker 2: it wasn't worth it, or I can't help you because
Speaker 2: the claiming process is you know, it's not for a
Speaker 2: financial advisor to do. I can't help or I can't
Speaker 2: help you because of a multitude of different reasons, because
Speaker 2: it doesn't stack up because you didn't review it soon enough.
Speaker 2: So it might sound really harsh, but just do it, please,
Speaker 2: just do it. Yeah, it's a hygiene factor. Get it done.
Speaker 2: Do it once, do it all right, check it again
Speaker 2: in five or ten years.
Speaker 1: Yep.
Speaker 2: It's not like an everyday thing. Please just don't be
Speaker 2: under insured. Absolutely sexy way to end this episode.
Speaker 3: It really is. So take it away everyone, Thank you
Speaker 3: so much for listening to this one.
Speaker 2: And we'll see you on Friday.
Speaker 3: Guys, we'll see you on Friday. It so furday, have
Speaker 3: a good way.
Speaker 4: The advice shared on She's on the Money is general
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Speaker 4: on the Money exists purely for educational purposes and should
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