Prostate Cancer: Prevention, Screening, and the Hidden Costs

Prostate cancer is the most commonly diagnosed cancer among Australian men, with over 25,000 new cases estimated in 2023 alone. While survival rates are high—over 95% at five years—early detection and prevention remain critical, especially as the likelihood of developing prostate cancer increases with age.

Why Prevention and Screening Matter

September is Prostate Cancer Awareness Month in Australia, a time dedicated to raising awareness about the importance of regular screening and understanding risk factors. The chance of developing prostate cancer rises substantially with age: one in five men will develop the disease in their lifetime, and rates are highest for those aged 65 to 74. The risk also doubles for men with a father or brother previously diagnosed, especially if diagnosed at a younger age.

Family history isn’t the only risk factor. Other known contributors include:

• Age (risk increases over 50)
• Genetics (multiple male relatives affected)
• Diet high in red meat or low in vegetables
• Sedentary lifestyle
• Certain ethnic backgrounds (higher rates in Australian men)

Regular screening—typically involving a PSA blood test and sometimes a digital rectal exam—can help detect prostate cancer early, often before symptoms appear.

Understanding the Hidden Costs

Beyond medical treatment, a diagnosis can bring unexpected costs. According to the Zurich Cost of Care: Volume 2 paper, the typical out-of-pocket cost in 2021-2022 was $5,100, with costs ranging from $500 to $9,300. These include specialist fees, hospital charges, equipment, and medicines.

It’s also important to note that 1 in 4 men stop working as a result of their diagnosis, and many who retire do so four to five years earlier than planned, impacting household finances and wellbeing.

Taking Action: Prevention and Support

Making healthy lifestyle choices can help reduce your risk:

• Eat a balanced diet rich in vegetables and fruit
• Maintain a healthy weight and exercise regularly
• Limit intake of processed meats and high-fat foods
• Avoid excessive alcohol consumption

If you’re over 50—or over 40 with a family history—talk to your GP about prostate cancer screening. Early detection saves lives and can help you avoid some of the hidden costs associated with advanced treatment.

Your Wellbeing, Our Priority

At Zurich, we believe in creating a brighter future together by empowering you with the knowledge and support to make proactive health choices. You can also rest easy knowing that Zurich is here to support you with its services, including the free My Wellbeing Hub, along with Zurich Evolve and a range of life insurance plans. Wherever you may be in your journey, we’re committed to helping you stay healthy and feel healthier.

This September, take the time to learn about prostate cancer, talk with loved ones, and speak to your healthcare professional about screening. Your health and wellbeing matter.

 

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