
World Medical Tourism & Global Health Congress September 22-24, 2010 Hyatt Regency, Los Angeles, California
The recent passage of the Health Care Patient and Protection Act will only increase the need for Americans to find alternatives for their healthcare in other countries. With the cost of health care continuing to increase more Americans will look for medical cost-savings in accredited hospitals and clinics in other countries.
Julie Munro, founder of InterMed Global in Scottsdale, Arizona, states there are already signs of how Obamacare will impact medical tourism. By looking at the future of government-supported health care in countries such as Canada, France, Israel, Argentina, Thailand, Singapore, and Japan – Munro states that the prognosis is not a healthy one.
A study done by The Deloitte Center for Health Solutions indicates there will be an increased shortage of both medical doctors and dentists in the future, indicating a need for medical tourism options that provide an alternative for patients. In 2007 over 750,000 Americans traveled abroad for medical procedures. Deloitte’s projection for 2010 is over 1.6 million medical tourism travelers.
The medical tourism market is still in its infancy and will continue to grow and mature, it has an expected growth rate of 35% annually. The Deloitte Report states that there will be an increased demand for outpatient surgery, increased sophistication of medical tourism operations, increased coverage/demand for dental and cosmetic surgery, and an increased access to low-cost global transportation. In addition, there will be an increased acceptance by employers and health plans that target commercial populations.
Whether or not you agree with the conservative politics of Rush Limbaugh, one cannot deny his vast knowledge in many areas, including researching cures for his own medical condition (loss of hearing). Limbaugh stated, he would go to Costa Rica for medical treatment if Obama’s healthcare plan passes. I believe this was a tacit endorsement of medical tourism. Read more »