Question of the Day: How much does an average overnight hospital stay cost?
A broken wrist without insurance can cost you an arm and a leg!
Answer: About $11,700.
- Even though the total cost of an uninsured hospital stay is lower, why would it actually end up costing more than an insured hospital stay?
- Why do the costs differ so much depending on what type of insurance a patient has?
- Do you think it's a good idea to save money by not paying for health insurance? Explain why or why not.
Behind the numbers (PeopleKeep):
"The average insured overnight hospital stay costs about $11,700. But, this price tag varies significantly by type of insurance coverage (and if you have insurance coverage at all).
While this data shows that uninsured patients have a lower average hospital stay cost, it’s important to remember that insurance companies often set an out-of-pocket maximum. While your bill may be high, you’ll only be required to pay the amount your provider has set as your maximum.
In addition, most insurance companies will often negotiate your hospital costs, helping you get a discounted price compared to what you were originally charged."