Have you ever wondered how much a joint replacement costs?
Hip and knee replacements are one of the most expensive categories of surgical procedures in the private health sector. These procedures are on the increase in line with the growing numbers of patients with osteoarthritis and arthritis.
If you’ve ever had hip or knee replacement surgery yourself, have plans to have this surgery in the future, or you’re just needing insurance for the unforeseen medical circumstances, this article provides a great insight into what you’re contributing towards when you purchase Private Health insurance coverage.
Hip Replacements
Hip replacement surgery is a procedure that surgically removes a painful hip joint and replaces it with an artificial joint often made from metal and plastic components (prosthesis).
In looking at each State/territory in Australia, Health Funds pay out an average of roughly $24,000 for hip replacement surgery without complications.
The average benefits paid (including the cost of hip prosthesis) was the highest in Victoria, being more than $25,000 for surgery without complications. In comparison, $22,000 was paid in benefits for the same procedure in the ACT.
Knee Replacements
Knee replacement surgery is a procedure to resurface a knee damaged by arthritis. Metal and plastic parts (prosthesis) are used to cap the ends of the bones that form the knee joint, along with the kneecap. This surgery may be considered for someone who has severe arthritis or a severe knee injury.
In looking at each State/territory in Australia, Health Funds paid out an average of roughly $23,500 for knee replacement surgery without complications.
The average benefits paid (including cost of knee prosthesis) was the highest in NSW, being more than $25,000 for surgery without complications. In comparison, $22,000 was paid in benefits for the same procedure in Tasmania.
