While the coronavirus continues to engulf the United States, there are growing concerns about resulting medical costs. Many large insurers have said they would waive copayments and deductibles for COVID-19 tests, but it's not entirely clear how much treatment will cost people with private insurance.
Continue Reading Below
A brief by Peterson-KFF shows that if patients come down with pneumonia or have various other complications, treatment costs could exceed $20,000. The average out- of-pocket cost for a standard hospital stay for the virus would be roughly $1,300.
The study also shows the likelihood of unexpected out-of-network charges for coronavirus treatment. It finds that nearly one in five patients who have in-network admissions for pneumonia with major complications or comorbidities face out-of-network charges, which will likely be over $20,000.
But the analysts have said out-of-pocket costs surrounding patients who are admitted for pneumonia will roughly be 10 times the average cost.
As of Wednesday afternoon, the United States had 8,017 confirmed COVID-19 cases with 143 fatalities.