As of December 2014, the average cost of arthroscopic knee surgery is $5,783, according to About.com. This amount is inclusive of both the surgeon and hospital fees. However, different locations have different arthroscopic knee surgery costs.
During arthroscopic knee surgery, a doctor inserts a camera into the patient's joint through an incision while the patient is under anesthesia, as About.com explains. The camera helps the doctor locate damaged knee parts. The doctor then removes or repairs the damaged parts using appropriate instruments. Some of the knee problems that are treated using arthroscopic surgery include torn cartilage, a damaged meniscus and an injured anterior cruciate ligament.