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How much will COVID-19 cost the nation’s health system or individual Americans? The cost estimates are currently in the hundreds of billions of dollars.
BRINK reports that cost estimates from the Peterson Center on Healthcare and Kaiser Family Foundation range from between $10,000 to $90,000 per person depending on the services needed for treatment.
The American Hospital Association estimates that American hospitals incurred more than $202 billion in losses between March 1 and June 30.
A currently unresolved question is who will be responsible for this final bill.
The federal government has allocated $175 billion in provider relief through the Coronavirus Aid, Relief and Economic Security Act, the Paycheck Protection Program and Health Care Enhancement Act.
However, it still remains unclear what the commitment will be for continued financial relief provisions and supplemental insurance support as the pandemic continues.
Do you think Congress should continue to assist with rising health care costs associated with the coronavirus pandemic? Share your thoughts with Voices for Affordable Health.
To learn more about the numerous affects that coronavirus is having on the US health care system, read the full article at BRINK.