Boston victims face staggering medical costs
One early estimate puts the price for mending the people hurt in the marathon attack at more than $9 million.
As survivors of last week's horrific Boston Marathon bombings continue to recover, now comes the financial accounting of their injuries, and it isn't pretty.
While the ultimate cost won't be known for some time, a rough calculation made by NBC News pegs the price tag at $9 million. For victims who lost limbs, their health care expenditures may be particularly high, given the cost of prosthetics and rehabilitation.
"It’s probably on the magnitude of $40,000, $50,000 (per person for emergency-room care). But for the people who will be hospitalized for weeks, you could easily be looking at $150,000 to $200,000 per person," health economist Ted Miller told NBC News.
Fundraising sites have popped up to help the victims pay for their medical costs, even for those with health coverage, such as Jeff Bauman.
Bauman was featured in an iconic -- and graphic -- image, when he was whisked away from the attack in a wheelchair by first responders, his lower legs shattered by one of the bombs. While he has health insurance through his employer, Costco (COST), the out-of-pocket costs for his treatment will still require lots of cash, according to ThinkProgress.org. (Costco is also matching donations made by other employees, The Boston Globe notes.)
His fundraising site had raised more than $575,000 as of Monday morning, with a goal of reaching $1 million. Bauman, 27, who ended up losing both his legs below the knee in the attack, identified one of the bombers from his hospital bed, according to Bloomberg.
The crowd-funding efforts are helping raise money for other victims, including Celeste and Sydney Corcoran, a mother and daughter who were injured in the attack. Celeste, 47, lost both her legs below the knee, while her daughter, 18, suffered from near-fatal shrapnel wounds, according to the New York Daily News. Their fund had raised more than $544,000 as of Monday morning.
Both the Corcorans' and Bauman's sites are run through GoFundMe, which deducts 5% from the donations as payment. The crowd-funding site says it has raised more than $1.5 million for victims of the Boston attacks as of Monday.
Even as genuine do-gooders are raising money for the victims, reports are surfacing of scammers who are creating phony charity websites for victims. The Internal Revenue Service issued a warning about the fraudulent schemes, asking taxpayers to donate only to qualified charities.
Lost in all the coverage of the Boston Marathon tragedy was another horrific event from last week: the explosion in West, Texas, of a fertilizer facility. It killed at least 14 people and left as many as 200 homes cordoned off.
But while charity organizations such as the American Red Cross are taking donations for that disaster as well, it hasn't received the same level of response. One GoFundMe effort for the explosion, for example, has raised just $175 so far, out of a $15,000 goal.
Follow Aimee Picchi on Twitter at @aimeepicchi.
Average $50,000 bill highest bill maybe $250,000 ???
Hmmm CEO's of companies making like $125,000,000 a year / 2,000 hours = $62,500 an hour
so these staggering medical costs are only at most 4 hours of a typical CEO's earnings.
Just goes to show you why America is going down hill the CEO's are stealing all the money.
Well them and the Wall Street bankers.
I bet none of them are going to come forward and help pay the bills. And the super rich?? Probably just 30 minutes of earning money to them if that much time.
Medical care cost is out of control. I have private insurance and when I had to have surgery in Germany it cost approximately $3,000.00 for everything which also included four day stay in the hospital. At this cost the insurance kept asking why I had to stay in the hospital for so long; well, let me see... I had tubes sticking out of my body. The care I received was great.
After I came back to the U.S. I had surgery for another issue and it cost over $30,000.00. The same insurance company only allowed a one day stay in the hospital.
In my opinion the so called Obamacare will become just another tax. So years down the road, after fully implemented, it will more than likely become another government program that taxpayers will be funding.
How about the hospital absorbing the costs for once in their fkg life as a gesture? Oh horrors! That's fkg unthinkable! Meanwhile illegals bankrupt hospitals (see California) but that's ok.
And who's paying for the darling Chechen bombing "suspect"'s treatment?
The entire health system is rotten from the bottom up. It is probably the biggest racket going.
I find it appalling that any of these poor people should have to pay for ANY of their medical expenses. Our government - In particular, The Department of Homeland Security, should be paying. They FAILED miserably at keeping the marathon attendees safe. They dropped the ball, and allowed a pair of young extremists to bring a major US city to its knees.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market ended the Wednesday session on a mixed note. The tech-heavy Nasdaq displayed relative strength, climbing 0.4%, while the S&P 500 added 0.2% with five sectors settling in the green. For its part, the Dow Jones Industrial Average (-0.2%) spent the entire session below its flat line.
Equities started the midweek affair on a rather unassuming note in the absence of market-moving news or economic releases. With those pieces missing from the equation, ... More
More Market News
4 analysts downgrade the stock the day after a disappointing quarterly report.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'