Report: U.S. Healthcare Fees Highest Worldwide
March 27—One day in the hospital in the United States costs private insurers, on average, at least three times the amount paid for a one-day stay in 10 other countries, according to member plan data compiled in a International Federation of Health Plans (iFHP) report. The per-day U.S. stay averages $4,287, compared with $1,472—the next highest per-day cost— in Australia and $429—the lowest per-day average—in Argentina, the data show.
The 2012 Comparative Price Report includes public or private sector data, or a blend, depending on the country surveyed. The report indicates that U.S. prices were, on average, the highest among countries surveyed for almost all the common services and procedures reviewed. For a few measures, the U.S. data were more closely aligned with other countries’ data, such as physician fees for cataract surgery.
London-based iFHP represents major health insurance CEOs from more than 25 countries.
Publication Date: Wednesday, March 27, 2013