Study: Annual Costs for Diagnostic Tests Up to $25B, Antibody Tests Up to $19B
06/11/2020
The estimated annual cost for diagnostic testing of COVID-19 will range from $6 billion to $25.1 billion, and the cost for antibody testing could vary from $5.2 billion to $19.1 billion, a new study found, according to a FierceHealthcare report.
The study, sponsored by insurance lobbying group America’s Health Insurance Plans (AHIP), paints a picture of the costing for testing that will be pivotal for states reopening after months of lockdown due to the pandemic. Major insurers have agreed to cover the cost of testing for beneficiaries, but the extent of that testing remains up in the air.