Posts Tagged ‘reconstructed healthcare’

Heading to Belgium to Save More Than a Few (Healthcare) Bucks

August 6th, 2013
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What does that tell us about consumerism in healthcare?
Reading Sunday’s New York Times article, “For Medical Tourists, A Simple Math,” I was struck both by the reporting of drastic price differences between surgical procedures here and in Europe (Belgium, in this case) and the subsequent interest the article generated. Upon reviewing comments from readers, I noticed that most indicated that they were more than willing to travel overseas to find high quality – but cheaper – health services. And, in general, there was much broader interest in health service costs than in the past. I got the distinct impression that customers are “tuned in.”
We’ve discussed the evolving role of patients as consumers, and clearly prices may start to become transparent (or at least comparable) enough for true consumer market power to chip away at healthcare costs. The article profiles an American who compared hip replacement surgery options in Belgium and the United States: Belgium won the contest with a cost of $13,660, versus $78,000 on this side of the Atlantic. At that differential, and with rising co-pays and self-insurance, many among us would be willing to catch a flight across the ocean. Read the rest of this entry »

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