As insurers end grace period for COVID-19 hospital costs, out-of-pocket costs may rise

Virtually one.7 million instances in the earlier yr, Us citizens have checked into hospitals to get taken care of for severe conditions of COVID-19. And for the most portion, that treatment hasn’t value them anything at all, new examine authors produce, many thanks to insurance policy organizations and government applications that absorbed the common costs patients would owe for any other clinic stay.

But as some insurers section back in people out-of-pocket costs, the examine estimates that many persons around 65 hospitalized for COVID-19 in 2021 may perhaps owe an normal of practically $one,000 soon after they get out of the clinic owing to co-pays, deductibles and coinsurance. A couple of may perhaps owe hundreds or hundreds more.

That estimate is centered on a new investigation of out-of-pocket costs for influenza-connected hospitalizations in 2018 that were being paid by persons with Medicare Gain designs, which are Medicare designs operate by

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