Thursday, June 28, 2012

Got Health Insurance? Medical Tourism is Better, Here's Why

Health insurance can be confusing, disappointing, and is almost always expensive. When considering travel abroad for procedures, side-by-side cost comparisons still favor medical tourism. Studies tell the whole story.
The Commonwealth Fund, in its annual survey, “Mirror, Mirror on the Wall”, compares the performance of the health care systems in the U.S., Australia, New Zealand, the United Kingdom, Germany, and Canada. Its 2007 study found that, although the U.S. system is the most expensive, it consistently under-performs when compared to the other countries.
The Commonwealth Fund completed its thirteenth annual health policy survey in 2010. A study of the survey “found significant differences in access, cost burdens, and problems with health insurance that are associated with insurance design”. Of the countries surveyed, the results indicated that people in the United States had more out-of-pocket expenses, more disputes with insurance companies than other countries, and more insurance payments denied; paperwork was also higher although Germany had similarly high levels of paperwork.

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