The 100 most expensive US hospitals now charge between $1,129 to $1,808 for every $100 of their costs nationally.
The study indicated that hospitals have increased their costs by nearly 18%. The 100 most expensive US hospitals now charge from $1,129 to $1,808 for every $100 of their costs nationally, whereas, earlier, the hospitals used to charge on average $417 for every $100 of their costs. The markup has more than doubled over the past 20 years. The study results have led the medical workers to worry that high costs may increase the number of people avoiding medical care.
It further urged that the most viable solution for slowing the growth in hospital charges would be to bring all health care purchasers together under a public, nationwide single-payer plan.
In addition to this study, another research conducted by Fair Health Organization also projected that the total average charge per COVID-19 patient requiring an inpatient stay is $73,300 and the total average estimated allowed amount per commercially insured patient is $38,221.
Based on DRG (Diagnosis Related Groups), the per-patient average costs for hospitalized COVID-19 patients vary depending on severity. The total average charges per patient range from $74,310 for patients with major complications or comorbidity to $42,486 for patients with no complication or comorbidity.
The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.