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Transcript of Medical Tourism
Paul Mahoney(sucks), Kshitij Goel, Daniel Hagy, Frank Baer, Alicja Pawlus, Jessica Bosshard
What is medical tourism?
Where is it happening?
Who is affected?
76.4 million baby boomers
Spend $157 billion on trips every year
~No. 1 leisure activity
Desire to be active and maintain well-being
"Boomers are savvier, more discerning consumers than
previous generations of seniors"
Size & Buyer Power
Word of mouth, increasing presence online...
Affordable Care Act
Quality of Care
Countries and their Specialties
Supply & Demand
The Price to survive
Again - what medical tourism is.
Its global economic/policy impact
Howard, Beth. "Medical Tourism - Should You Have Surgery Abroad - AARP." AARP - Real Possibilities. AARP, Nov. 2014. Web. 17 Apr. 2016. <http://www.aarp.org/health/conditions-treatments/info-2014/medical-tourism-surgery-abroad.html>.
"Medical Tourism Statistics & Facts." Patients Beyond Borders. Healthy Travel Media. Web. 17 Apr. 2016. <http://www.patientsbeyondborders.com/medical-tourism-statistics-facts>.
"Medical Tourism Benefits and Advantages." Medical Tourism Benefits. N.p., n.d. Web. 01 June 2016.<https://www.health-tourism.com/medical-tourism/benefits/>
"Medical Tourism." Centers for Disease Control and Prevention. Centers for Disease Control and Prevention, 23 Feb. 2015. Web. 01 June 2016. <http://www.cdc.gov/features/medicaltourism/>
Affordability and Cost-Effectiveness
30%-80% in savings
Lower cost of labor
Lower malpractice, insurance, and administration rates
High quality of Health Care
Ability to be placed on priority list
Depends on the source
CDC (Doesn't want Medical Tourism)
Uncertainty of reused needles
Medication Counterfeit/Low quality
Blood screened correctly?
Flying after surgery- Blood Clots
"Each country will have its own licensing and certification protocols which may vary significantly from the United States"
Flying after surgery is dangerous
Those born between 1946-1964 so anyone between 52-70 in 2016.
Thailand and Brazil - Cosmetic Surgeries
India - Organ Transplant, Cardiology
Malaysia - Vision, MRI
Singapore - gastroenterology, orthopaedics
Turkey - Eye Care
Hungary And Mexico - Dental
Cost In USA
Two-way ticket to anywhere in the world <$2,000 (Apporx)
Main drivers of low price:
bulk price (package pricing)
no cross subsidizing
CDC: Centers for Disease Control and Prevention