August 20, 2007
Surgey Abroad is More Than a Fad ...For Now
Analysis of:
American's Gamble for Bargain Surgery Abroad | www.medpagetoday.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: Because of the high cost of medical care in the United States, some individuals have sought care in other countries where out of pocket costs for the treatment can be markedly lower. However, outcomes results with this apprach are largely anecdotal and the few studies that examine this approach suggest that outcomes may be inferior.
Analysis: At the same time that the buzzword in US Healthcare is "quality," the thrust of "health tourism" and seeking care outside of the US is cost. Some of this cost difference is due to cheap labor costs outside of the US; a cost that will undubtedly increase with time. Some is certainly due to decreased regulatory requirements. In addition, the perverse pricing system in United States heatcare where insurers pay a reduced negotiated price- sometimes below costs forces hospitals to charge full price to those who may least be able to affors the costs. Health tourism results from the lack of a comprehensive program of healthcare coverage and not from a desire for people to seek care elsewhere. If we ever have universal healthcare coverage in the United States, the phenomenon of traveling to reduce costs will diminish.
Analysis: At the same time that the buzzword in US Healthcare is "quality," the thrust of "health tourism" and seeking care outside of the US is cost. Some of this cost difference is due to cheap labor costs outside of the US; a cost that will undubtedly increase with time. Some is certainly due to decreased regulatory requirements. In addition, the perverse pricing system in United States heatcare where insurers pay a reduced negotiated price- sometimes below costs forces hospitals to charge full price to those who may least be able to affors the costs. Health tourism results from the lack of a comprehensive program of healthcare coverage and not from a desire for people to seek care elsewhere. If we ever have universal healthcare coverage in the United States, the phenomenon of traveling to reduce costs will diminish.
Report a Concern
More GLG News in
Healthcare
Most Popular:
Source Article | Expert Analyses
Painkiller Risk Found for Heart Patients
www.nytimes.com
FDA Asks if Pain Pill Is Tamper-Proof
online.wsj.com
Merck KGaA: Overall Survival in First-Line NSCLC Reaches 15 Months
www.pipelinereview.com
Hospitals See Drop in Paying Patients
www.nytimes.com
Gardasil, Merck's Cervical Cancer Vaccine, Demonstrated Efficacy in Preventing HPV-Related Disease in Males in Phase III Study
www.fiercebiotech.com
Will contact lens solutions cost more to ship and store?
November 13, 2008
Economy's impact on healthcare facilities
November 13, 2008
Tamper Proof Narcotic Pain pill? YES
November 13, 2008
CVS Escalates the Generic Price War
November 13, 2008
A closer look
November 11, 2008

