Newsweek has a story that's quite amazing. US Hospitals building facilities right across the border in Mexico to drop costs from 30,000 dollars to 10,000 dollars for a procedure.
How could that possibly be?
Meanwhile, medical tourism worldwide continues to grow. The industry grossed an estimated $60 billion in 2006 and is expected to hit $100 billion by 2012, according to the Confederation of Indian Industry and McKinsey and Co. Generally, people travel to foreign countries for better deals on procedures ranging from breast implant surgery to in vitro fertilization cycles, or for access to experimental surgeries that haven't been approved at home.
Beyond the lower cost of living of Mexico and India in comparison to the United States, one must ask why is it the health care is so much more affordable in these countries?