Along with its devastating well being toll, COVID-19 can even result in vital monetary prices for individuals needing therapy and for private and non-private payers. This analysis examines the price of COVID-19 therapy for inpatient care amongst individuals with well being protection via massive employers.
It finds that in 2020, COVID-19 hospitalizations value a mean of $41,611, together with a mean out-of-pocket cost of $1,280 for individuals with massive employer protection. In 2020, many non-public insurers and employers briefly waived out-of-pocket prices for COVID-19 therapy (that is typically now not the case). For COVID-19 hospitalizations with some cost-sharing expense, a mean of $1,880 was spent out-of-pocket by people with massive employer protection, although COVID-19 hospitalization prices differ extensively for sufferers with non-public insurance coverage.
This evaluation focuses on individuals with massive employer protection and doesn’t mirror prices for sufferers with Medicaid or Medicare. Presently, 2020 is the latest yr of obtainable knowledge, and hospitalization and different therapy prices might have modified with the introduction of newer therapies.