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Summary

The Cost Of COVID-19 Hospitalizations For ICU Patients Is More Than A Home Down Payment

It's also three times more expensive than a hospital stay for a heart attack.

The Cost Of COVID-19 Hospitalizations For ICU Patients Is More Than A Home Down Payment
Luckydoor | Dreamstime
Senior Writer

The financial cost due to COVID-19 hospitalizations across Canada is proving to be no joking matter.

From January 2020 to March 2021, there were 9,390 COVID-19 hospitalizations reported involving the ICU, according to the Canadian Institute for Health Information (CIHI).

The average estimated cost to the hospital for those stays was $50,592. So, if you're looking to purchase a home here in Canada worth $600,000, you'd need a down payment of around $35,000, which means that a hospital stay could cover it and more.

The Cost Of COVID-19 Hospitalizations For ICU Patients Is More Than A Home Down Payment Canadian Institute for Health Information

The average estimated cost per COVID-19 hospitalization was $23,111, which is three times more costly than the average estimated cost of a hospital stay for a heart attack.

The average length of stay in hospital was 15 days, which is five days longer than the average length of stay for a kidney transplant.

Between 2019 and 2020, Canadian hospitals spent over $55 billion, not including Quebec and Nunavut, according to CIHI.

This article's cover image was used for illustrative purposes only.

From Your Site Articles
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  • Sarah Rohoman

    Senior Writer

    Sarah Rohoman (she/her) was a Senior Writer with Narcity Media. She has worked at BuzzFeed Canada, Yahoo Canada, and CBC Radio in news, lifestyle, ecommerce, and social media. She has an MA in Journalism from Western University and a BA from McGill. She loves libraries, alpacas, and all things witchy.

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