The Current Healthcare System
Travel for health care has existed for centuries. In the past, citizens traveled for the knowledge and treatment available at the medical centers in more developed countries.
In the past 10 years this trend has been reversed and people are now traveling to less developed countries to receive a wide variety of medical services. Medical tourism has become increasingly popular and it is projected that more than 1 million Americans will seek Global Health Care in 2011. This phenomenon is driven by increased global competition and is occurring outside of the current organized domestic healthcare system.
The American healthcare system is the most costly in the world, rising costs of medical treatments in the United States is fueling a movement to outsource medical treatment. Charges for common medical procedures in the United States is rising at an alarming rate, causing the need and emergence for corporate America and its employees to look for cost-saving options.
Health insurance premiums have jumped 5 to 30 percent in the past year, increasing the employer’s overhead and costs proportionally. Using medical travel for selected medical treatments to locations in Mexico, Costa Rica, India and Singapore can reduce an employer’s medical costs more than 10% and avoid additional increases in their company’s health care premiums.
The MTM e-Catalog provides specific information on products, prices, packages, providers and destinations in Global Health Care – Medical Travel – Medical Tourism