Getting tested for the novel coronavirus is now free, but being treated for the respiratory illness could cost up to $20,000, a recent analysis by Peterson-Kaiser Family Foundation Health System Tracker found.
People with health insurance through their employer could pay more than $1,300 in out-of-pocket costs if they’re hospitalized with a severe case of COVID-19, Peterson-KFF found. The estimated costs were based on 2018 hospitalization costs for pneumonia patients with employer-sponsored health insurance.
An estimated one in five (18%) patients hospitalized with a severe case of pneumonia ended up with a surprise medical bill from an out-of-network provider, Peterson-KFF found.
See also:This expensive risk lurks in nearly every medical experience you have
The Families First relief act recently passed by Congress made testing for the coronavirus free. Most of America’s major health insurers agreed to waive co-pays and other out-of-pocket costs for coronavirus tests, but there’s no such discount planned for treating the disease.
“Medical costs are already a common concern in the U.S., particularly for people without insurance, those with high deductibles, and those in worse health,” the authors of the Peterson-KFF analysis wrote. “In the context of the COVID-19 pandemic, it is of even greater concern, as many people could be incurring high out-of-pocket costs, at a time when there is also risk of a recession.”
A survey by Kaiser Family Foundation conducted between March 11 and 15 found that 62% of respondents were worried that they or someone in their family would get sick from the coronavirus.
More than one-third (36%) were worried about being able to afford testing or treatment, and two-thirds of people who don’t have health insurance said they were worried about the cost of treatment and testing.
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March 24, 2020 at 05:09PM
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How much does coronavirus treatment cost? Getting tested is now free, but treatment is expensive - MarketWatch
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