One of the fastest growing businesses around the world, particularly in Asia, is Medical Tourism. How fast is Medical Tourism growing? Dr David Vequist, who heads the Center for Medical Tourism Research in San Antonio, Texas says one medical research organization predicts explosive growth…
“According to Fox and Sullivan, by 2012, it’s expected to be worldwide about a $100-billion business, and it’s growing worldwide from 20 to 30 percent. There was a recent estimate that in Asia alone, it was growing as much as 17 percent,” he said.
And Vequist says many of the medical facilities around the world are giving the best medical facilities in the United States a run for their money.
“The Johns Hopkins, the Mayo Clinic, the Texas Medical Center, MD Anderson, Cedar Sinai, these really great facilities in the United States that arguably are among the best in the world are receiving more and more competition from best in class facilities in places like Turkey at Parkway Hospital or Bumrungrad in Thailand or Severance in Korea. These locations around the world are getting very good,”
But then there is the down side. Glen Cohen, Co-Director of the Petrie-Flom Center for Health Law Policy, Biotechnology and Bioethics at the Harvard University law school says there is evidence that profitable medical tourism is taking away medical services from the poor in some host countries
“In India, for example, there have been a number of anecdotal claims that the existence of the medical tourism industry has siphoned doctors away from treating poor Indian patients and has basically resulted in a net loss for India’s poor. There are others who say no, it’s quite the opposite, that there is an infusion of technology, there is trickledown economics. Again, it’s a contested empirical claim. But beyond that, there is an ethical claim about whether you’ve done something wrong,”
Much of China’s medical tourism industry has focused on organ transplants, reportedly about 10,000 of them a year, mostly kidney and organ transplants. The Chinese government has admitted that some of the organs for transplantation have come from executed prisoners.
Nancy Scheper-Hughes, a professor of medical anthropology at the University of California at Berkley and a co founder and director of the medical rights organization Organs Watch says many of those have lead to very bad results.
“I am in touch a number of families who have has disastrous transplants IN China because it was so unregulated. A family named the McGalkers, in Israel, they were of Indian background, went to China in 2009. It was just a horror show. The father had a botched transplant with a 15 year old village girl. Mr. McGalker died and as a result had to be air shipped out, the young donor died. This is serious business. Not just using executed prisoners but setting up living liver transplants and no regulation,”
That has recently changed as China has enacted new regulations surrounding transplants. One proposed law would give the death penalty to anyone found guilty of illegal organ trafficking. However Scheper-Hughes says the entire process brings up troubling consequences.
“It does turn doctors and ministries of health into brokers because you still have to find people and it’s not going to be your children or my children. It’s going to be ethnic minorities, the poor, the desperate, the imprisoned people, the people who are looking for visas, the displaced populations of the world, the refugees,” she said.
China is also moving forward on plans to set up and market treatment using stem cell therapy. It’s a therapy that, for the most part, is unavailable in the United States.
Professor Glenn Cohen of the Harvard law school said, “Many scientists think in the next 50 years or so, many of the breakthroughs in medicine may be related to stem cell therapies. So obviously this is promising and obviously with terminally ill patients who have exhausted all approved therapies or clinical therapies in the US, the calculus is quite different in terms of the safety and efficacy. But there are significant risks when you engage in any experimental therapy and stem cells are no different. And I’m not really aware of too many success stories in this regard.”
If you are considering availing yourself of the ever growing medical tourism offerings, Professor Glenn Cohen says in addition to ethical concerns, there are at least three concerns that must be addressed.
“One is the quality of service that’s being provided to you abroad. The second concern is that if something does go wrong, what is your ability to recover a medical malpractice by suing the doctors abroad, and the third maybe is the willingness to get a doctor in your home country to engage in follow up care , the availability of health records and what the quality of care will be back home,” he said.
Even with all of these concerns, medical tourism continues to expand. Reasons why and some services that are likely to become available, are the subject of the next report.
Americans fretting about rising medical costs at home are among those creating a boom in Asian medical tourism. Thailand, South Korea, Singapore and India are leading the way in checkups, fertility treatments, joint replacements andby professionals, many trained stateside, at a fraction of the cost in the U.S.
Costs for Americans can be as much as 70% less than in the U.S., says Paul Keckley, executive director of theCenter for Health Solutions in Washington, D.C. He estimates that 140,000 travelers went to Thailand alone in 2009 for medical procedures. American medical tourists go for “short-stay surgical procedures where people don’t perceive much risk,” such as , gum surgery and nose jobs, he says.
Coronavirus hits tourism-reliant Thailand
Tourism is a key driver of growth in Southeast Asia’s second-largest economy, and Chinese tourists are Thailand’s biggest source of visitors accounting for 28% of all tourists to Thailand
Thai Rice Export Expected to Drop to 7.5m tons this year
This year’s projection for rice exports remains close to the previous year at 7.5 million tons, the lowest in seven years since 2013 when Thailand exported 6.6 million tonnes of rice.
Thailand struggles to regain world’s largest rice exporter title
In Thailand, a strong baht, Asia’s best performing currency in 2019, has kept away potential buyers who find cheaper markets elsewhere, such as in Vietnam.
After losing the number one global rice exporter position for three years, the Ministry of Agriculture and Cooperatives has met with related agencies and rice exporters to find measures to reclaim the top spot.(more…)
APRIL International Care opens up TeleHEALTH service to address Coronavirus worries
The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a...
Thailand rolls out New Investment Measures to Boost Economy
The new definition of qualified applicants now includes businesses that have not previously received BOI promotion privileges as long as...
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...