The High Cost of Child Hospitalization and Unnecessary Medication Use by Parents.
Originally Published 2 years ago — by WOODTV.com
Families dealing with a child in the hospital may face an average of $1,300 in out-of-pocket costs for that stay, according to a study by Michigan University. The study found that the average pediatric hospital stay cost for families that are privately insured is $1,300, while one in seven families will need to pay more than $3,000. The costs analyzed in the study include things like co-insurance payments and deductibles, but does not include ‘indirect’ costs, like missing work. Researchers say that restructuring how insurance plans cover hospitalizations could help alleviate this financial burden on families.