Bioelectronics Corp (BIEL)

[seven-up]

End-of-Life Care Costs HOSPICE COST 2010 $13 Billion
In 2009, Medicare paid $55 billion for doctor and hospital bills incurred during the last two months of patients’ lives. Hospital inpatient charges exceed $6,200 per day, and costs to maintain someone in an ICU can reach up to $10,000 per day. Skilled nursing facilities were reimbursed at a rate of approximately $622 per day.

In comparison, total hospice spending for Medicare in 2010 was $13 billion, with an average cost of approximately $10,700 per patient. Medicare does not limit payments for hospice care for individuals, but enforces an aggregate cap for agencies of about $24,500 per beneficiary.

https://www.debt.org/medical/hospice-costs/