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Question of the day: How much does an average hospital night stay cost?

A broken wrist without insurance can cost you an arm and a leg!

Answer: about $11,700.


Ask:

While the overall cost of an uninsured hospital stay is lower, why would it end up costing more than an insured hospital stay? Why do the costs differ so much depending on the type of insurance a patient has? Do you think it’s a good idea to save money by not paying for health insurance? Explain why or why not.

Here are the ready-made slides for this question of the day that you can use in your classroom.

Behind the numbers (PeopleKeep):

“The average insured night in hospital costs about $11,700. But this price tag varies significantly by type of insurance coverage (and if you already have insurance coverage).

While this data shows that uninsured patients have lower hospital costs on average, it’s important to remember that insurance companies often set a deductible. While your bill may be high, you only need to pay the amount your carrier has set as your maximum.

In addition, most insurance companies will often negotiate your hospital costs, giving you a discounted price compared to what you were originally charged.”

The Bummer! game is a great way to give students the chance to make insurance decisions and see the results!

About the author

Ryan Wood

Ryan grew up with and maintains a love of learning. He studied business at the University of Wisconsin-Green Bay and spent several years in sports marketing. After living in Texas, Colorado, Tennessee and Minnesota, the call for education eventually brought Ryan back to his home state of Wisconsin, where he was a Business Administration and Marketing teacher for three years. In his spare time, he enjoys spending time with his wife and daughter, playing basketball, reading and fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.


This post Question of the day: How much does an average hospital night stay cost? was original published at “https://www.ngpf.org/blog/question-of-the-day/question-of-the-day-how-much-does-an-average-overnight-hospital-stay-cost/”

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