I’ve spent a lot of time with family members in ICUs recently, and amused myself estimating costs. Most people actually contacting the patient are not well-paid (I looked it up). And they actually attend to the patient <20% of time despite “intensive” term.
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Total cost of all equipment in the room is negligible compared with day rate. (I looked it up. I was bored. You can google the model number of a cardiac monitor or whatever and get the price immediately.)
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Worth noting that the quoted price is a negotiating position and nobody is expected to actually pay it (although they'll happily destroy people's lives by not telling them)
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True; but Medicare apparently did actually pay thousands per day for my mother.
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Tx, yes, I tweeted about this one a few weeks ago
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The more useful calculation here is probably "man-years of higher education." In my life's sole hospital stay, I tallied up >100 years and concluded that it pretty much made sense that emergency surgeries can cost the same as a car, because they are similarly capital intensive.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Hitting the $1k/day number doesn't sound at all hard. What's 24-hour monitoring in a burn ward? 12+ hours/day of skilled labor, billable at a reasonable what... $50-100 or more per hour? Some mix of nurses and doctors, with various ordinary overhead?
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$100/hr billable rate, plus room costs of several times hotel rates, wouldn't strike me as remotely unreasonable. That's already $1500/day. Plus meds, disposable stuff, etc. Probably not too much expensive capital involved beyond the room cost. $2k/day sounds plausible.
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