3/15/2006

Medical Outsourcing

I read an interesting post on the Ben Muse blog discussing a new trend, the outsourcing of medical expenses. It discusses a patient who received a medical procedure in India saving himself thousands of dollars. With the enormous medical expenses that we are faced with, and with them continuing to rise at such an alarming rate, this type of outsourcing is surely to gain much more in popularity. Unless the medical companies face the problem head-on and address it, they may begin to lose thousands of dollars in medical expenses due to this new form of competition.

1 comment:

Dr. Tufte said...

-1 on Frank's and Rico's comments for spelling and grammatical errors.

This phenomenon isn't really new, but it is becoming more prominent. Without being biased, there are two things to recognize about this.

1) This is done by people without health insurance. These are precisely the people who - those in favor of socialized medicine - characterize as uninterested in economizing on costs and unserved by medical care.

2) This is also done for certain operations which are unlikely to be covered by insurance. Anyone who is a believer in socialized medicine really needs to come up with an explanation of why the market for LASIK works so well.