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Nursing Home Healthcare

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individuals who are insured were willing to travel for medical care if the savings netted from $1000 to $2,400. Lastly over 38 percent of uninsured individuals and over twenty five percent of individuals with insurance are willing to travel abroad for medical care if the savings exceed $10,000 (Herrick, 2007). Overall, the majorities of medical tourists seeks lower prices for medical care and are motivated to travel if the end result reduces the burden on their own pocket books. Most medical tourists form the United States venture to Mexico or other Latin American countries for their treatment. For example in the country of Costa Rica with a population of approximately four million, more than 150,000 foreigners seek care their on an annual …show more content…

Due to this trend, many various retirement communities offer regular bus tours that take residents across the Mexican border for prescription drug and dental care (). Insurance companies are starting to notice this trend and in some border states various health plans may offer lower premiums and copayments to individuals who utilize network providers across the southern border (Kiy & McEnany, 2010). Additionally, it is estimated that some 500,000 to 600,000 American retirees live in Mexico (Kiy & McEnany, 2010). Nursing home facilities in Mexico are typically a bargain when compared to U.S prices. In the United States, an individual may pay upwards of $60,000 annually for nursing home care (). On the opposite end of the spectrum high quality long-term care costs nearly a quarter as much. For approximately $1,300 a month a senior citizen can rent a studio apartment that include laundry service, cleaning, meals and around the clock access to nursing care (Kiy & McEnany, …show more content…

Fees for treatment overseas often range from one half to one fifth of the price that one would pay in the United States. In some cases an individual may be able to save more than 80 percent by having the procedure completed abroad. For example, the Apolloo Hospital in New Delhi, India charges $4,000 for a cardiac surgery, which would cost on average more than $30,000 in the United States (Herrick, 2007). Hospitals in Argentina, Singapore or Thailand charge less than half the prices for a partial hip replacement when compared to European or United States prices (Herrick, 2007). Furthermore, a citizen of the United States could save over 50 percent by having their knee replacement surgery conducted in Singapore or India (Chatterjee & Laxminarayan, 2013). Lastly, a simple rhinoplasty costs less than $1,000 in India, meanwhile the same procedure in the United State costs upwards of $4,500 (Chatterjee & Laxminarayan,

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