Being a parent is priceless — but how much does it cost to become one?
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.
The Kaiser Family Foundation study 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.
According to the information collected, from 2018 to 2020, women aged 15 to 49 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.
Researchers discovered that the women who gave birth, factoring in pregnancy, delivery and post-partum care, incurred an average of $18,865 more in healthcare-associated costs than those who didn’t. While insurance paid on average $16,011, new mothers were left to pay $2,854 out-of-pocket, depending on the method of delivery.
h/t Sarah Hoyt