An average Covid-19 hospitalization costs Medicare about 150 times more than it does to vaccinate one beneficiary
https://www.cnn.com/2021/09/09/health/covid-19-hospitalization-cost-vaccination/index.htm
A Medicare beneficiary hospitalized with Covid-19 costs the health insurance program about 150 times more than it does to fully vaccinate that individual, a CNN analysis shows.
Covid-19 vaccines are provided at no direct cost to residents of the United States, but Medicare reimburses health care providers up to $150 to fully vaccinate beneficiaries with both doses of the two-dose regimen vaccines by Pfizer/BioNtech and Moderna, per billing documents published by the US Centers for Medicare and Medicaid Services. That's $40 for each dose administered and $35 to administer the shots at the individual's home or group living setting.
Meantime, the average cost to hospitalize a Medicare beneficiary with Covid-19 is $21,752 over an average stay of 9.2 days, according to research published in August in the Annals of Internal Medicine. That's approximately 145 times the cost of vaccinating a Medicare beneficiary.
Average fees associated with Covid-19 hospitalization were even higher if a patient needed a ventilator, bringing the cost to an average of $49,441 over 17.1 days -- more than 300 times the cost of administering the vaccines.
Covid-19 hospitalizations in the United States are climbing again following a summer surge fueled by the Delta variant. In June and July, there were over 100,000 preventable Covid-19 hospitalizations among unvaccinated adults, an analysis by the Kaiser Family Foundation showed.
Assuming each cost about $20,000, the analysis said, these hospitalizations cost the country's health system more than $2 billion, underscoring just how crucial vaccinations are to the fight against the coronavirus.
There are nearly 102,000 Covid-19 patients hospitalized across the country, per data from US Health and Human Services, with more than 25,800 patients in intensive care unit beds.
"We know the pathway to end this pandemic," US Surgeon General Dr. Vivek Murthy told CNN's Jim Acosta Wednesday. "That's getting vaccinated."
According to data from the US Centers for Disease Control and Prevention, approximately 53% of all Americans are fully vaccinated, while nearly 27% of the eligible population -- people 12 and older -- are not vaccinated. The current 7-day average of vaccinations initiated per day dropped 19% from last week and 30% from a month earlier, the data shows, though that could be due in part to the Labor Day holiday weekend.
Murthy pointed to other respiratory viruses like those that cause the common cold that we are able to live with, saying, "What's different from those viruses and Delta is that they don't cost us the types of numbers that we see in terms of lives lost, in terms of hospitalizations."
The drag on the economic recovery and ways to further jump-start the economy after some recent dismal report numbers are, in my opinion, the drive to push these Covid mandates on those not vaccinated.
It's not just a growing economic pain in the ass for the United States... it's a growing issue here in Canada. The escalating costs have a ripple impact (e.g. higher food prices, creates a greater gap between rich / poor).
----------
Average cost for COVID-19 ICU patients estimated at more than $50,000: report
...The average cost of treating a COVID-19 patient who needs intensive care in Canada is estimated at more than $50,000, compared with $8,400 for someone who's had a heart attack, a new report says.
Data from the Canadian Institute for Health Information (CIHI) shows the average cost for patients being treated for the virus is more than $23,000, which is four times higher than a patient with influenza.
Ann Chapman, interim director of health spending and primary care at CIHI, said the report reinforces the economic consequences of a serious illness, though it does not include the cost for doctors.
The report released Thursday says those with COVID-19 remain in hospital for about 15 days, twice as long as the typical pneumonia patient, whose treatment cost is about $8,000, and that more of those sick with COVID-19 are admitted to ICU and ventilated. One out of every five of them dies in intensive care.
The agency estimated the cost of COVID-19-related hospitalization in Canada, excluding Quebec, at nearly $1 billion between January 2020 and March 2021, the period covered by the report. It said the cost tripled between November 2020 and March of this year.
Chapman said data on costs from the fourth wave of the pandemic, up to September, is expected to be released in December...
The above numbers are just "averages". It does not reveal the costs associated with coma, life support, medical transportations to other medical hospitals, hospital stays beyond 15 days nor rehab, and the financial impact of being on disability after such an ordeal.
It's an economic crisis that North America does not want to revisit again.
wrbtrader
Last edited: