Medical Tourism

news about medical tourism and patients travelling to foreign countries for medical treatment

Thursday, March 23, 2006

The Bigger They Are ...


The Bigger They Are ...: "And No. 4: India. Do you know what the fastest-growing business industry in India is? You're going to say software, right? Call centers? It's medical tourism. You can get on a boat and you can go to India and get a hip replacement for about $3,000 or $4,000—maybe one-tenth of the cost that would be in the United States. People in the United States aren't going to do that, but people in Western Europe are. Why? Because the downside of national health care. The good side of national health care is that you can get it; if you have some immediate problem you can go in and get care. But if you are waiting for elective surgery such as a hip replacement, you may wait forever. So India is taking advantage of this with this enormously talented workforce that it has.

Nobody predicted medical tourism; people going to India where the cost of transportation plus the surgery plus the vacation to recuperate would still come in at about one-quarter of the cost of what it costs in the West. "

Actually people in the USA are going to do that and are already visiting India for hip replacements or knee replacements because it costs one quarter of the cost and that is worth a 1 day flight by anybody's standards!

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