What Is Medical Tourism?
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Millions of people travel abroad for medical treatment - from dental work to major heart surgery - all done at a fraction of the cost back home. Medical tourism brings in billions of dollars a year worldwide. So, we wanted to know, what exactly is medical tourism? Well, since the mid 20th century, healthcare costs have exploded in many developed countries, especially the United States. Some have blamed this on the closed system of procedure and drug pricing, which does not allow for free market competition. So when prices rise, they don’t go back down. Other factors, like exaggerated insurance billing, malpractice lawsuits, and infrequent, but serious doctor visits contribute to increasing costs. According to a 2011 OECD report, a procedure like a heart bypass ...
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Millions of people travel abroad for medical treatment - from dental work to major heart surgery - all done at a fraction of the cost back home. Medical tourism brings in billions of dollars a year worldwide. So, we wanted to know, what exactly is medical tourism? Well, since the mid 20th century, healthcare costs have exploded in many developed countries, especially the United States. Some have blamed this on the closed system of procedure and drug pricing, which does not allow for free market competition. So when prices rise, they don’t go back down. Other factors, like exaggerated insurance billing, malpractice lawsuits, and infrequent, but serious doctor visits contribute to increasing costs. According to a 2011 OECD report, a procedure like a heart bypass ...
