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Medical Tourism

Why Would 8 million people cross borders for healthcare?

Including 1/300 in the U.S.?

20% of Americans struggle to pay medical bills

3 out of 5 bankruptcies are due to medical bills.

That’s 1.7 million Americans

Or 248,002 in California

113,524 in Illinois

and 99,780 in Florida alone.

Who could save…

India: 65-90%

Malaysia: 65-80%

Thailand: 50-70%

Turkey: 50-65%

Mexico: 40-65%

Costa Rica: 40-65%

Taiwan: 40-55%

Singapore: 30-45%

Korea: 30-45%

Brazil: 25-40%

Over U.S. prices for the same medical procedures.

Things to Balance

High Wait Times

High Costs

High Quality Care in Many Nations

Low Cost of International Travel

But what about…

Airfare:

1980: $1029

2012: $926

…And it’s set to fall farther

Recovery:

Often it goes like this:

Flight -> Pre-procedure care nursing -> Procedure ->Post-procedure care nursing -> Flight home.

And there are so many options:

Argentina, Brunei, Cuba, Colombia, Costa Rica, Honk Kong, Hungary, India, Jordan, Lithuania, Malaysia, The Philippines, Singapore, South Africa, Thailand, Saudi Arabia, UAE, South Korea, Tunisia, Ukraine

And specialties

1.) Cosmetic Surgery

Most cosmetic surgery is not covered by insurance.

Most popular destinations:

Worldwide:

Rio de Janeiro, Brazil

Chang-Gung Memrial Hospital in Taoyuan, Taiwan

For Americans:

Costa Rica

Mexico

2.) Dentistry

Nearly half of Americans have no dental coverage.

Most popular locations:

Right across borders:

Americans –> Mexico, Costa Rica

Europeans –> Hungary

Asians –> Thailand

Top Hospitals:

Bumrungrad in Bangkok, Thailand

and Hospital San Jose Tec de Monterrey in Mexico.

3.) Cardiovascular

Cardiovascular disease is the number one killer in Europe, and 16.7 million die yearly worldwide from CVD. This leaves experienced CVD doctors worldwide to cater to medical tourists.

Most popular locations:

Mexico, India, Malaysia, Taiwan, Singapore, Turkey, Thailand, Korea.

Top Destinations:

Wockhardt Heart Hospitals in Bangalore, Mumbai, and Nagpur India.

4.) Orthopedics

More than 20% of Americans have arthritis, with 2/3 under 65. With better prostheses, and prices up to 80% lower than in the states, orthopedic surgery is a good reason to be a medical tourist.

Most Popular Destinations:

Bangkok, Thailand

San Jose, Costa Rica

Bangelore and New Delhi, India

Seoul, South Korea

Mayo Clinic, Minnesota

Malaysia

Monterrey, Mexico

Singapore

Taiwan

Dubai, UAE

5.) Cancer

Cancer is the second leading killer in the developed world, and treatment is often prohibitively expensive.

Top Destinations:

Turkey, Singapore

Other Destinations:

Seoul, South Korea

Sao Paulo, Brazil

San Jose, Costa Rica

Delhi, Bangalore, Mumbai, India

Petah Tikva, Israel

Malaysia

Singapore

Monterrey, Mexico

Taiwan

6.) Reproductive

One in six couples fall under the “infertile” designation, but reproductive healthcare can be prohibitively expensive.

Top Destinations:

Barbados, Israel

Other Destinations:

Mumbai, New Delhi, India

Malaysia

Bangkok, Thailand

Dubai, UAE

7.) Weight Loss

2.5 million people die of obesity associated deaths yearly, and the annual healthcare bill is massive. Bariatric surgeries cost $20-$25,000 in the U.S., but half that abroad.

Top Destinations:

Malaysia

Sao Paulo, Brazil

San Jose, Costa Rica

Mumbai, New Delhi, Bangalore, India

Taiwan

Monterrey, Mexico

Bangkok, Thailand

Joint Commission International (JCI) accreditation for hospitals and individual doctors is a good indicator of developed world quality healthcare, wherever it is.

Citations: