A broken wrist without insurance can cost you an arm and a leg!

Answer: About $11,700.

Questions:

• 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.

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. 

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."

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.