Factors That Affect Auto Insurance:
Hospital And
Medical Costs
When you think about hospital costs, you probably think of health
insurance. Although it may not be as apparent, medical and hospital
costs affect auto and homeowners insurance too. Injuries to you
and others are covered by Medical Payments (Med Pay), Bodily Injury
Liability and Uninsured/Underinsured Motorists coverages on your
auto policy. Your homeowners insurance policy most likely includes
Medical Payments to Others coverage, protecting those who are injured
on your premises.
Five-year comparison of hospital costs
Provided below are the 1999 and 2003 adjusted per diem hospital
costs in major Ohio cities. Average daily cost increases show large
variances, with major cities experiencing increases from just under
7% to over 58%. Between 1999–2003, the state average adjusted
per diem cost of hospital care rose 24.2% in metropolitan areas
and 35.1% in nonmetropolitan areas. The statewide average showed
a 25.5% increase during this most recent five-year period.
Source: Hospital Statistics, 2001 and 2005 editions, published by
the American Hospital Association
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Number of emergency room visits:
1992: 89.2
million
2002: 110.2 million
(Centers for Disease Control and Prevention
from USA Today, 4/30-5/2/04)
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