Here again, the free market survives the fist of government - Americans will find away to make it work, little wonder then why so many abroad sill see us as a good place to invest even though we have this huge debt.
The problem is even America has it's limits and we are approach the end of the rope that keeps from going over the cliff of insolvency. When that happens all bets are off as to whether we can come back. November will be the turning point in our future for saving our country.
Medical Tourism
Source: John C. Goodman, Priceless: Curing the Healthcare Crisis, Independent Institute, June 2012.
Increasingly, cash-paying patients are traveling outside the United States for surgery offering package prices that are one-fifth to one-third the cost in the United States. Moreover, a new company, Colorado-based BridgeHealth Medical, offers U.S. employer plans a specialty network with flat fees for surgeries paid in advance that are 15 percent to 50 percent less than a typical network, says NCPA President and CEO John C. Goodman in his new book, Priceless: Curing the Healthcare Crisis.
•Since the international medical tourism market is a real market where providers routinely compete for patients based on price and quality, government-run programs such as Medicare should take advantage of it.
•Further, if a patient saves money for Medicare by traveling, the patient should share in the savings.
•As in the case of doctors, patients should be encouraged to make money by saving Medicare money.
You don't actually have to go off shore to participate in the market for medical tourism. There is an emerging market for it on shore.
•Canadians routinely come to the United States for surgical procedures and they usually face a package price for all services agreed to in advance.
•North American Surgery, Inc., has negotiated deep discounts with 22 surgery centers, hospitals and clinics across the United States as an alternative to foreign travel for low-cost surgeries.
•Seniors too could be in this market and they would be if Medicare allowed the senior to share in the savings created by traveling to a higher-quality, lower-cost facility.
Wednesday, June 20, 2012
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