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News from Bupa Latin America and the Caribbean:

Health Care Industry Cost Outlook

Health Care Industry Cost Outlook

 

Studies made by different healthcare providers foresee an increase in medical service costs worldwide.

This increase is attributed to various contributing factors affecting both the industry and the general population.

Factors related to the industry include new and more intensive medical treatments and preventive medicines, an increase in the cost of labor and higher costs related to the acquisition of technology.

Factors related with the cost increase affecting the general population include, among others, a high utilization of services. This is related to multiple reasons such as higher life expectancies, as well as unhealthy lifestyles.

 

The following are some examples of the cost of medical services:

  • The per-day charges for “Room and Board” can range between $800 for a standard hospital room and $3,600 for the coronary or intensive care unit.
  • The charges for X-ray and radiology will depend on the procedure, which can range between $120 and $3,000.
  • Emergency room costs will vary depending on the level of complexity of each case, which has repercussions on the medications, procedures, and supplies used, as well as the level of medical attention. Costs range between $300 and $8,000.

 

Considering the facts presented above, it is extremely important that you continue with your health insurance policy. This is the only guarantee that you and your family have of being covered at all times, as well as taking care of your personal assets.

 

 

 

Average cost of common procedures

(Based on company statistics during the last five years)

 

Ailment

  • Average Cost

 

  • Lung Cancer
  • USD $1, 338, 097

 

  • Breast Cancer
  • USD $771,728

 

  • Brain Hemorrhage
  • USD $1, 525, 354

 

  • Acute Leukemia
  • USD $1, 300, 000

 

  • Ischaemic Cardiopathy with Bypass
  • USD $ 250, 000

 

 

 

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