Search
 

Got Your Passport? Medical Tourism Heats Up

Medical tourism is on the rise. According to a comprehensive new study by Grail Research in Cambridge, Mass., people are traveling internationally in search of more affordable health-care, better quality care, and better access to care.

By staff Writer | Updated on November 09, 2009

Medical tourism is on the rise. According to a comprehensive new study by Grail Research in Cambridge, Mass., people are traveling internationally in search of more affordable health-care, better quality care, and better access to care. The result is a global market for medical tourism expected to grow at nine percent through 2012.

Compared to the cost of U.S. healthcare procedures, some destination countries reportedly can provide the same health-care services at much lower cost. Compound this with almost 46 million U.S. citizens without health insurance and the multitude of under-insured people, and it is clear to see the primary driver of this trend — dollars. Also adding to the wider acceptance is the rise of state-of-the art facilities and high standards of treatment in destination countries.

Of special appeal to Florida residents are the facilities in expanding medical-care hubs in Mexico and Costa Rica. The Sunshine State’s senior population also appears to be taking advantage of some of the procedures driving medical tourism, such as angioplasty, heart valve replacement, and hip and knee replacement.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.