Recently, a tight coupling has been observed between inflammation and blood cancer such as the Myeloproliferative Neoplasms (MPNs). A mechanism based six-dimensional model-the Cancitis model-describing the progression of blood cancer coupled to the inflammatory system is analyzed. An analytical investigation provides criteria for the existence of physiological steady states, trivial, hematopoietic, malignant and co-existing steady states. The classification of steady states is explicitly done in terms of the inflammatory stimuli. Several parameters are crucial in determining the attracting steady state(s). In particular, increasing inflammatory stimuli may transform a healthy state into a malignant state under certain circumstances. In contrast for the co-existing steady state, increasing inflammatory stimuli may reduce the malignant cell burden. The model provides an overview of the possible dynamics which may inform clinical practice such as whether to use inflammatory inhibitors during treatment.