Reasons for the Rise of International Healthcare |
Posted: December 6, 2017 |
Healthcare is among the industries that are growing rapidly in the world economy. Various sources show that global population continues to age as well rise in severe diseases. Many countries are seeking help in other countries for medical care to take care of the aging population as well in search of medical care for various illness. The main reason why aging population continues to rise is that the youngest generation has few children as compared to its former generation. Young people now have significant responsibilities of taking care of the older people. This statement is very real in most developed countries such as Europe and the United States. Many individuals in these nations prefer to look for healthcare in other countries because of various reasons. The following are the reasons why there is the rapid rise of international healthcare. Saving Costs Most individuals like saving for a dollar. The main reasons why American people like to travel abroad for healthcare treatment is an opportunity to save cash. In United States, people realized that they save about 15 to 90 percent savings on the cost on treatment depending on the country, uninsured patients, underinsured patients, type of treatment and those seeking for various elective care. Informed patients are seeking treatment overseas because of deep discounts. Additionally. Airfare and lodging costs are much cheaper as compared to the United States. The typical example is the hip replacement; in Thailand, it cost $180,000 while in US price that same replacement will be done at $33,000. This means about more than 80 percent savings over US price. Lodging costs in various overseas cost about $150 per night but in the USA, the reasonable lodging cost $290. Also, Calgary Dentist and Macleod Trail Dental charge less than the average US dentist. Better Quality Care Veteran healthcare people know that customer services, instrumentation, and facilities in medical care centers abroad exceed or equal those that are found In US. The governments of many states overseas such as Thailand and Bangkok have invested by pouring billions of money in the healthcare industry. Their services are aggressively taking care of international travelers seeking medical attention. The standard amenities that surround healthcare industry in such states include VIP waiting lounges, staff recuperation reports, deluxe hospital suites and free transportation from and to airports. Additionally, there are quality services such as low-cost meals plans and discounted hotels from affiliate companies with the hospital. Staff and physicians in these abroad countries are readily available as compared to US counterparts. Excluded Treatment Most health insurance plan in many states do not cover a variety of conditions. The policyholder must take care of this expenses using personal money. Although health insurance plans vary according to the agreement, the policies do not cover medical treatment such as dental care, cosmetic surgery, vision treatments, orthopedic surgeries, infertility procedures and many more. These methods are costly in the United States and many people prefer to travel abroad to perform it. Specialty Treatments Some prescriptions and procedures are not allowed in the United States. Additionally, particular treatment is still under testing and has not yet been approved. This treatment which is disallowed in the United States or still under trial stages is offered overseas. A typical example is an orthopedic surgery commonly known as hip resurfacing. In abroad this procedure is cheaper than the traditional method which is still practiced in the US. In India, hip resurfacing techniques, instrumentation and materials have been perfected, and the treatment is routine. Shortest Waiting Periods In the US, the extended waiting period is a significant problem that is affecting many people. Many patients prefer to use their money to get out of pain quickly by traveling abroad than suffering from depression and anxiety in waiting for long queues. Overall, traveling overseas for medical attention is not easy. One should be prepared financially to face medical uncertainties and challenges on the way. One should create emergency funds that will cover travel expenses as well as quick medical attention. Emergency funds may also cover down payments, emergency procedures, and medication. It is essential always to plan so that will be able to take quick action in covering medical costs especially if the emergency takes place while one is traveling overseas.
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