The more health care is able to function like an actual free market the more options will be provided to consumers.
There is simply no way of getting around it: American health care is exorbitantly expensive. But while many people look to government to solve our nation’s health care woes, the real solutions lie elsewhere. In fact, the more the government intervenes in health care, the higher the costs seem to rise. Just look at what happened when Obamacare was implemented: costs of care rose and many families suddenly found themselves unable to afford their insurance premiums.
But where government intervention has failed the health care sector, free market innovation has become its savior. The rising costs of health care in both North America and Europe have actually created a void in the marketplace. And medical tourism is filling that void by offering a whole new avenue of choice for health care consumers.
For anyone unfamiliar with the term, medical tourism is when someone chooses to travel outside their country of origin, usually to less-developed countries, in search of affordable, quality medical care. And it also happens to be one of the fastest growing global industries. In 2016, this burgeoning sector was valued at $100 billion and is expected to experience 25 percent year-by-year growth by the year 2025. And in an era of soaring medical costs, it is saving health care consumers thousands of dollars and providing them with the care they so desperately need….. Read More