COVID-19 commonly referred to by the name of coronavirus is a hot subject among internet users across the globe. It is a terrifying virus for thousands of people living in the US because of its high costs. According to the latest research in the US, coronavirus treatments cost around $30,000 for hospitalization across the US. This is a nightmare for the poor and those who are in debt. Furthermore, the virus could cause US billions of dollars in medical costs.
Based on the research that was conducted at the CUNY Graduate School of Public Health and Health Policy in April 2020, if a significant segment of the US population is infected by a coronavirus (COVID-19), this could result in a cost of US$654 billion for those in the US.
COVID-19 Test Cost Varies in the US
Based on a variety of media sources in addition to newspapers Coronavirus test costs differ across the US from city to city and from lab to lab. Gibson Diagnostic Labs (Irving, Texas) was able to charge costs for tests that could be as high as $6,946. However, the laboratory acknowledged that they had erred and charged patients three times the rate of the base.
The COVID-19 test costs US$100 at one laboratory in one region within the US. What’s the cause? The US Government is not concerned about the regulation of prices for health care.
When we speak of Texas, the State of Texas the cost varies from just US$27 all the way to upwards of $2,315.
In certain areas of the US, They were free of charge because local government agencies provided the treatment for free.
Healthcare Providers and Medicare What do they have to say?
COVID-19 test costs COVID-19 tests in the US are a major cost and a burden on the shoulders of US citizens. US$51.31 This was the amount for COVID-19 tests that were paid by Medicare in the first stage to test COVID-19. In mid-April, the cost increased to $100.
Surprised, a few Emergency rooms located that are located in Oklahoma or Texas cost patients between US$500-$990 for coronavirus testing.
Texas is a state that has high COVID-19 test bills.
Texas is known as one state where several insurance companies have been charged high fees for COVID-19 tests. On average, these labs were charged US$1,114 for a coronavirus test.
FAQ
What is the average cost of COVID-19 treatment in the USA?
The cost of COVID-19 treatment in the USA can vary widely depending on the severity of the illness and the type of care required. According to a study by FAIR Health, the average cost of hospitalization for COVID-19 in the USA is $73,300. However, the cost can be much higher for patients who require intensive care or prolonged hospitalization.
How much does a PCR test for COVID-19 cost in the USA?
The cost of a PCR test for COVID-19 can also vary depending on the location and provider. The federal government has mandated that COVID-19 tests be covered by insurance without cost-sharing, so many people with insurance can get the test for free. Without insurance, the cost of a PCR test can range from around $100 to $200 at a private lab or medical facility.