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Cost of medical treatments has been always less in developing economies but what has changed is introduction of technologically advanced set up and highly trained doctors in destination countries. This fact had shifted the paradigm of place of latest medical management all over the world. Medical tourism is not driven only by cost but world class hospitals with international accreditations, highly trained staff, innovations, latest advances in facilities have played decisive role. India is not at top position in medical tourism for cost factor but for cost effective quality delivery of healthcare. Medical tourism in India are less costly because –>
- Standards of living are more modest
- Doctors and staff command lower wages,
- Government-subsidized healthcare keeps private healthcare costs down
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- Malpractice attorneys are, if not docile, at least considerably more restrained
Healthcare in western countries cost is high because –
- High facilities costs,
- Unpaid hospital bills totaling billions of dollars,
- High-priced medical education,
- Costly research, and
- Excessive malpractice litigation all add up to exorbitant prices for healthcare in the western countries.
- In addition, these physicians who perform elective and specialty procedures—such as cosmetic surgeries, in vitro fertilization, and certain hip, spine, and cardiac procedures—command astronomical fees from patients willing and able to pay, leaving those of more modest means in the lurch and seeking alternatives.
Sample of comparative charges in $ US for surgeries at different countries.
| Procedure |
United States |
India |
Thailand |
Singapore |
Malaysia |
Panama |
Typical Medicare Payment |
| Coronary artery bypass surgery |
70,000-133,000 |
7,000 |
22,000 |
16,500 |
12,000 |
10,500 |
18,500-23,500 |
| Bypass surgery with heart valve replacement |
75,000-140,000 |
9,500 |
25,000 |
22,000 |
13,500 |
13,500 |
30,900-43,000 |
| Hip replacement |
33,000-57,000 |
10,200 |
12,700 |
12,000 |
7,500 |
5,500 |
10,085-12,500 |
| Knee replacement |
30,000-53,000 |
9,200 |
11,500 |
9,500 |
12,000 |
7,000 |
10,085-12,500 |
| Prostate surgery (TURP procedure) |
10,000-16,000 |
3,600 |
4,400 |
5,500 |
4,500 |
3,500 |
3,003-3,400 |
| Gastric bypass |
35,000-52,000 |
9,300 |
13,000 |
16,500 |
12,500 |
8,500 |
7,902-9,500 |
| Face-lift |
10,500-16,000 |
4,800 |
5,000 |
7,500 |
6,500 |
2,500 |
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