The Practice of Medical Tourism
Some Americans have decided to look offshore for medical care thanks to "medical tourism." That's right, this year 500,000 Americans are traveling to other nations so they can afford medical procedures. Procedures are generally between 30%-80% less than what they cost domestically.
Business 2.0 just reported on this phenomenon because it's a great business opportunity. Many U.S. companies are being created to work with citizens to arrange trips so they can afford surgery. An example they cited was one person got a hip replacement in Punjab. Including airfare and a hotel stay, the expense was $13,000. The survey alone would be $40,000 in the United States.
This business is sure to prosper. Many nations deliver these procedures at least as well as they are done domestically. The job of these businesses is to do this homework and ensure their patients are getting the best care possible. And, many businesses are now encouraging it and providing incentives.
And, this is one type of offshoring that I don't mind seeing. It may force politicians to actually acknowledge the enormous healthcare problem and work to improve it.
