A new study revealed that giving birth costs an estimated $20,000 in the US, an astounding number when the median household income is just $67,521.
used data from the IBM Health Analytics MarketScan Commercial Claims and Encounters Database, which houses health claims from over 2 million women in a two-year span.who were enrolled in large employer private health plans reported their healthcare costs. The 2,267,200 women — as claimed by the study — contributed to the available data., factoring in pregnancy, delivery and post-partum care, incurred an average of $18,865 more in healthcare-associated costs than those who didn’t.
Researchers noted the higher cost may be tied to more intensive care needed after a C-section for recovery or complications, adding that their calculations did not take into account fertility services that often aren’t covered by insurance. When compared to the average household income, the cost of childbirth and related expenses are seemingly unaffordable. One-third of multi-person households and half of single-person households do not have the “liquid assets” necessary to cover out-of-pocket medical expenses related to pregnancy.Getty Images/Cavan Images RFin the US for the first time in 7 years. Coupled with the incredible cost of living, childbirth seems unaffordable — not to mention the price of raising a kid to adulthood.
While the Kaiser Family Foundation study stops at childbirth, the total cost of raising a child from infancy to adulthood is daunting, especially when inflation
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