It is far more than $275 per day where I live. In 2014, it was $500 per day for my dad. I consider this practice of holding a patient "under observation" fraudulent. This is picking the pockets of the elderly and adding serious stress to a patient taking advantage of someone who often can't advocate for themselves.
even though I have Medicare for 5 years now...I cannot find a primary care doctor. None in my area are accepting new Medicare patients. The forced cuts in Medicare have fixed it so that the doctors do not want patients with such a low payment rate.
For me...that is a huge benefit. I would have to drive to Salt Lake to find a Doc....more than 6 hour drive!