A Medicare beneficiary hospitalized with Covid-19 costs the health insurance program about 150 times more than it does to fully vaccinate that individual, a CNN analysis shows.
Covid-19 vaccines are provided at no direct cost to residents of the United States, but Medicare reimburses health care providers up to $150 to fully vaccinate beneficiaries with both doses of the two-dose regimen vaccines by Pfizer/BioNtech and Moderna, per billing documents published by the US Centers for Medicare and Medicaid Services. That's $40 for each dose administered and $35 to administer the shots at the individual's home or group living setting.
In June and July, there were over 100,000 preventable Covid-19 hospitalizations among unvaccinated adults, an analysis by the Kaiser Family Foundation showed. Read MoreAssuming each cost about $20,000, the analysis said, these hospitalizations cost the country's health system more than $2 billion, underscoring just how crucial vaccinations are to the fight against the coronavirus.
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