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Covid-19 testing is a financial windfall for hospitals and other providers

Covid-19 testing is a financial windfall for hospitals and other providers
CNN
5 days ago
By Jay Hancock and Hannah Norman, Kaiser Health News
© Anthony Behar/Sipa USA
A man takes a rapid COVID-19 test in the Queens borough of New York City, NY, April 12, 2021. An estimated 22% of the U.S. population is fully vaccinated with nearly 37% receiving one dose of the COVID-19 vaccine shot, as parts of the United States see rising infection rates especially among the younger population in their 30?s, concerning experts that a fourth wave of high Coronavirus infections is looming.(Photo by Anthony Behar/Sipa USA) ....

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COVID Testing Turns Into Financial Windfall For Hospitals And Other Providers

Pamela Valfer, in her home art studio in Pasadena, California. She was tested three times for covid and received a statement saying she might be responsible to pay $125 per test despite a ban on out-of-pocket costs. (Heidi de Mrco/KHN)
Because there are no caps on cost, consumers and insurers often get billed hundreds of dollars for the most reliable PCR test. Prices are rising and they can’t fight back.
Pamela Valfer needed multiple COVID-19 tests after repeatedly visiting the hospital last fall to see her mother, who was being treated for cancer. Beds there were filling with COVID patients. Valfer heard the tests would be free. ....

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COVID Testing a Windfall for Hospitals, Labs, and Others

COVID Testing a Windfall for Hospitals, Labs, and Others
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COVID Testing Turns Into Financial Windfall For Hospitals And Other Providers

high prices and pushback from state regulators.
The listed charge for a basic PCR COVID test at Cedars-Sinai Medical Center in Los Angeles is $480. NewYork-Presbyterian Hospital lists $440 as the gross charge as well as the cash price. Those amounts are far above the $159 national average for the diagnostic test, which predominated during the first year of the pandemic, at more than 3,000 hospitals checked by HPS.
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