Published 26 Jan 2016
It's rare for someone to go through their lives without being impacted by cancer in some way. Whether it involves their own diagnosis or lodging a critical illness claim on behalf of a loved one, the common disease has affected numerous Australians over the years.
In fact, Cancer Australia found that nearly 130,000 people were diagnosed with the disease in 2015 alone, further reinforcing just how common it has become. The treatment can be equally debilitating, and it's not unusual for people undergoing chemotherapy to take time off work or retire completely.
In these cases, it's important that critical illness claims ensure victims have the financial support necessary during these difficult times.
Increased funding advances cancer research
Cancer Australia recently announced a significant amount of funding to cancer research projects around the country. The latest grants result in a total investment of more than $100 million over the past eight years, revealing a substantial commitment to fighting the effects of the disease.
According to Minister for Health Susan Ley, the funding targets a number of different challenges facing with cancer from the original diagnosis to later treatment.
"This year's successful applicants cover a range of investigations, from biological research to cancer prevention, precision treatment, palliative care and quality of life," she said.
The initiative is a partnership between both private and public sector organisations, ensuring there is an increased focus on reducing the effects of cancer across Australia. This particular form of research targets focus areas that have been identified as a priority to see treatment advance.
There are a number of wide-ranging areas that have been set as the focus of funding for 2016. Some of the target objectives include understanding how breast cancer passes along familial ties as well as attempting to increase the rate at which childhood brain tumours are cured.
On top of this, researchers will also investigate the optimal moment to send someone to palliative care - an initiative that could have a noticeable effect on people who have made critical illness claims.
Cancer Australia CEO Professor Helen Zorbas said the funding will hopefully improve the country's ability to treat the disease.
"The Scheme is designed to foster collaboration to support research which has a direct impact on clinical practice, policy and patient outcomes," she said.
To find out more about critical illness claims, contact the team at Gerard Malouf and Partners.