An extremely simplistic analysis would say assuming that conversion factor holds true for all costs, you are “spending” $100,000 dollars of US value when you spend $4300 USD in India.
And a third, also giving #1 to Canada, and excluding the US from the top sixteen. Or, on clicking through to the full report, any of the 46-listed nations. <https://www.medicaltourism.com/mti/home>
Insurance companies (in the US) prefer rising costs, because they get a flat 8% (or whatever) of what costs are. If they reduce consumer costs, they also have to reduce their revenue and profit.
I'm not convinced that the way insurance works in the US explains rising costs here, because costs in most of the rest of the first world such as the EU and Japan have been rising about as fast as costs in the US for at least at least the last 50ish years.
We pay a lot more per capita than any of those other places, but the ratio of what we pay per capita to what a given other first world country pays per capita has been pretty steady long term.
This portion of the linked article seems to contradict your claim of "has not raised the rates for any of their services since 1995"
>Had the pathology fees that apply to the examination of breast masses not increased, our price would be the same now as it was in 1997, but alas it is now $2,365. Only three other fees have increased since we began quoting them over the phone in 1997.
That said, I'll admit that the claim is broadly true.
The number one problem is that a visit with a discussion costs $250 which is absolutely ridiculous, obscenely expensive.
Healthcare insists on the very best, most expensive in gauzes and then when they can’t afford them they let people die, instead of using cheaper gauzes which are just fine and have been used for years.
People who do vigorous sport can turn into complete couch potatoes once they are too old to practice that sport. Difficult concept for you to get, perhaps? Hint: being “healthy” wasn’t the point; it was the excitement, the adrenaline… etc.
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[ 4.3 ms ] story [ 34.3 ms ] threadhttps://mises.org/wire/why-arent-there-more-free-market-surg...
https://data.oecd.org/conversion/purchasing-power-parities-p...
This has India at 23:1 for USA.
An extremely simplistic analysis would say assuming that conversion factor holds true for all costs, you are “spending” $100,000 dollars of US value when you spend $4300 USD in India.
Those with the means to pay for US healthcare benefit from it. Those without are cut out of the system.
Wealthy Canadian medical tourism doesn't any claims that access to US healthcare is highly inequitable.
Equivalent medical tourism from the US is often to lower-income nations, most notably Mexico.
Searching on "medical tourism", two different lists give top spots to Mexico and, suprising me, Canada. The US is included in neither.
#1 Mexico: <https://medtouragency.com/best-countries-for-medical-tourism...>
#1 Canada: <https://www.healthgrades.com/pro/the-top-10-medical-tourism-...>
And a third, also giving #1 to Canada, and excluding the US from the top sixteen. Or, on clicking through to the full report, any of the 46-listed nations. <https://www.medicaltourism.com/mti/home>
Wants != needs.
Markets serve wants, not needs.
We pay a lot more per capita than any of those other places, but the ratio of what we pay per capita to what a given other first world country pays per capita has been pretty steady long term.
>Had the pathology fees that apply to the examination of breast masses not increased, our price would be the same now as it was in 1997, but alas it is now $2,365. Only three other fees have increased since we began quoting them over the phone in 1997.
That said, I'll admit that the claim is broadly true.
Healthcare insists on the very best, most expensive in gauzes and then when they can’t afford them they let people die, instead of using cheaper gauzes which are just fine and have been used for years.
People who do vigorous sport can turn into complete couch potatoes once they are too old to practice that sport. Difficult concept for you to get, perhaps? Hint: being “healthy” wasn’t the point; it was the excitement, the adrenaline… etc.