OHIO | Report: Ohio has 12th highest rate increase of inpatient hospital costs

QuoteWizard

Ohio’s influx of patients brought in from the pandemic comes at a time when hospital costs in your state are at an all-time high after a decade of record increases. Ohio was found to have the 12th-highest rate increase of inpatient hospital costs of 49.12% over the last decade. It also has the 12th-highest overall cost in 2018.

You can find more Ohio hospital data here: https://quotewizard.com/news/posts/states-with-the-highest-hospital-expenses

Our team of health industry experts at QuoteWizard analyzed American Hospital Association data via Kaiser Family Foundation on hospital expenses per visit in each state from 2009 to 2018. We compared hospital expense averages in each state over a 10 year period to see which states have seen the largest increase in hospital expenses.

Key findings:

  • Nearly 10% of Americans are uninsured leaving $35 billion dollars in uncompensated healthcare annually.
  • Hospital debt increased from $617 million in 2015 to $56 billion in 2018.
  • The complex American health insurance system leaves a total of 8% of healthcare costs going towards administrative costs. Other developed countries spend 1% to 3% on administrative costs.
  • The average hospital expense for an inpatient visit costs $2,335. 36% higher from a decade ago.

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