If you are hospitalized with the COVID-19 virus, the hospital bill usually can reach up to $50,000 for the most severe cases. People that are fully insured with something like pneumonia, patients get about the same treatment as a COVID-19 patient in a hospital. The cost for a pneumonia patient ends up being around $1300 for a fully insured patient. Of course, the longer the hospital stay the more expensive the treatment.
Most insurance companies ended up paying all out-of-pocket costs include any Coinsurance payments towards any deductible, copays, and medication if they were hospitalized with COVID-19, the Kaiser foundation reports
Still, patients won’t be responsible for the full cost of treatment, which can reach up to $50,000 for a severe case. Fully insured patients hospitalized with pneumonia — which involves similar treatment as for people with COVID-19 — typically end up owing around $1,300, for example.
Insurance carriers became highly profitable during the COVID-19 pandemic. While many elective procedures were delayed during the COVID-19 pandemic the profits to the hospital were made up with the high charges’ insurance companies were billed for COVID patients.
Now it to take effect soon, 70% of the nation’s largest insurers are no longer waiving COVID-19 treatment costs. Now that more people have received the vaccines, there are less hospitalizations, in particularly due to the current delta variant that has been spreading through the country.
Rochester news reports– “Of the 29 plans still waiving cost-sharing for COVID-19 treatment, 10 waivers are set to expire by the end of October,” authors of the KFF report said. “This includes waivers that tie to the end of the federal Public Health Emergency, which is currently set to expire on October 17, 2021, though may be extended. Another 12 plans state that their cost-sharing waivers will expire by the end of 2021. Two plans specified end dates for COVID-19 treatment waivers in 2022 and 5 plans did not specify an expiration date.”