US insurers considering medical tourism

A recent report estimates that hundreds of thousands of Americans go abroad each year for medical procedures, primarily to save money.

Monday, October 27, 2008

They are not the only ones eyeing the bottom line. Some U.S. insurance companies — including Aetna and UnitedHealthcare — are considering paying for patients to go overseas for care, which could spark major growth in the medical travel industry. Wockhardt Hospitals officials said major insurers are requesting data that show how well the Indian company's hospitals treat patients, a sign that the insurers are investigating options in India.

"I don't know where this will stop," said Dr. Kushagra Katariya, a cardiothoracic surgeon and CEO of Artemis Health Institute in Gurgaon , near New Delhi.

Quests for care
Medical tourism isn't new. For decades, people from around the world have come to ...

More on this topic

Present and Future of Health Tourism

December 2010

Globally, medical tourism spending has reached $ 60 billion and it is expected that in three years that figure should reach $ 100 billion.

In Central America, Panama is just beginning to participate with less than 1% of that market, where Costa Rica is one of the largest players at 16%.

Costa Rica Declares Medical Tourism of National Interest

March 2009

About 100,000 tourists visit the country annually for medical purposes, paying between $4,000 and $6,000 per procedure.

The measure enacted by the executive branch will mean that the Tourism and Foreign Trade Ministries will work on bringing more investment and patients to the country, and that the Health Ministry will promote international accreditation of the medical facilities and ensure service quality.

World top 5 medical tourism destinations

April 2008

Medical tourism destinations have emerged all over the globe. The industry anticipates a great deal of growth in the coming years, from a 2004 estimate of $40 billion to $100 billion by 2012, according to statistics produced by McKinsey & Company and the Confederation of India.

Experts believe that medical tourism will have a positive impact on the economies of destination countries and benefit skilled and unskilled trades alike. The medical tourism phenomenon may also bode well for foreign investors who hold an interest in those countries.

Top 5 Medical Tourism Destinations

April 2008

Medical tourism destinations have emerged all over the globe, from Thailand to South Africa, and even European countries such as Hungary. The industry anticipates a great deal of growth in the coming years, from a 2004 estimate of $40 billion to $100 billion by 2012, according to statistics produced by McKinsey & Company and the Confederation of India.

Experts believe that medical tourism will have a positive impact on the economies of destination countries and benefit skilled and unskilled trades alike. The medical tourism phenomenon may also bode well for foreign investors who hold an interest in those countries.

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