A hospital stay for an insured patient now costs more than a month’s rent
It now costs more for the average American to stay in the hospital than it is to pay rent–and that’s for those fortunate enough to be insured.
The average hospital stay for an insured patient was $1,013 in 2013, up from about $740 in 2009, according to a new study in the journal JAMA Internal Medicine.
Researchers examined 7.3 million hospital claims from Aetna, UnitedHealth and Humana, the amount applied to deductibles climbed 86 percent between 2009 and 2013, while co-payments increased by more than a third.
The average American paid $934 in rent in 2013, meaning a hospital stay now costs about 8 percent more than that expenditure, the online publication Vox noted. The average deductible was just $303 a decade ago. Now it’s $1,077, according to the article.
Read the article: Fierce Healthcare