average cost for medications for a hospice per day
But such care can be expensive, costing upward of $10,000 a month, according to the Health Affairs study. That puts hospices in a financial bind. Last year, the Medicare program paid a base rate of $151 per day to cover all routine hospice services, adjusted for geographic differences.
How much does it cost? Depending on the type of care that is necessary, the costs of hospice care can widely vary anywhere from $140 to as much as $1,000 per day. Cancer.about.com states there are different coverage payments for the potential costs of hospice care, and this includes private insurance, Medicare, and Medicaid.