December 03, 2006
Medical Tourism

Washington Times on medical tourism:

"[M]edical tourists" have a vacation in an exotic place where they can soak up the sun, visit a few golden temples or other landmarks and end up with a new hip or knee, a healthy heart -- or a robot-controlled joint replacement, a procedure that has not yet been approved in this country.

In addition, "they return with a lot more money left in their pockets -- sometimes 70 [percent] to 80 percent more than if they'd been treated in the United States," said Diana M. Ernst, a public-policy fellow in Health Care Studies for the Pacific Research Institute (PRI).
...

However, there are still some roadblocks to a groundswell of U.S. support for medical tourism. For example, a North Carolina paper-products company interested in sending an employee to India for shoulder and gallbladder surgery and giving him the $10,000 it expected to save ran into difficulties with a union that represented some of its employees.

"Large American insurance companies have not fully jumped aboard the medical-tourism bandwagon, so the number of medical tourists remains paltry compared to the millions of surgeries performed in the U.S. every year," Ms. Ernst said.

[Uwe Reinhardt, a health economist at Princeton University] said medical tourism will only grow in the coming years. "And if it is used a lot, this has the potential of doing to the U.S. health care system what the Japanese auto industry did to American carmakers," he said.

Posted by Wilson Mixon at 09:57 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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