U-M Study Examines Climbing Costs Of Hospital Stays
Even with good health insurance, it costs most people more that $1,000 for a hospital stay. A new local study looks at the rising cost of what patients are paying for hospital treatments.
Researchers at the University of Michigan Institute for Healthcare Policy and Innovation found out-of-pocket payments for hospital treatments are on the rise. They've increased more than 37% just for straightforward hospital stays for common conditions in recent years.
The U of M researchers looked at data from more than 50 million Americans over a four-year period.
Deductibles skyrocketed 86% while co-insurance, a percentage of hospital costs insurance plans often expect patients to pay, went up 33%.
The study reveals the hidden costs of health care that patients with insurance didn't think they would owe.