News & Updates

DYK: US hospital costs are huge in comparison to other developed countries

There's much talk about the hefty cost of medical care.  But, did you know that common drugs and procedures cost significantly more in the United States than in most developed countries around the world?  In 2013, the average cost of a hospital stay in the US was $4,293 per day compared to the average cost per day in New Zealand at $2,491 and Australia at $1,308.  Perhaps what's even more shocking about US hospital costs is the distance between the low end of the scale ($1,447 per day) and the high end ringing in at $12,726 per day.*
 
*"2013 Comparative Price Report: Variation in Medical and Hospital Prices by Country." International Federation of Health Plans. April 14, 2014.  NP.  Web. March 24, 2016.