Will medical tourism come to the US with the dollar losing value?
February 192010
I’ve noticed that the medical tourism industry uses price v quality as a benefit of traveling from US to other countries for plastic surgery, dental procedures, etc.
Do you think that now that the dollar is weaker that people will come from other countries to the US – to get a good deal on these procedures. More specifically from Europe where the Euro is strong. Why or why not?
I neglected to specify: for elective procedures like cosmetic surgery, cosmetic dentistry. Not life saving medical procedures…
The cost of our health care is far too high. Even a falling dollar cannot make us competitive with countries like India and Thailand.
February 20th, 2010 at 4:55 am
Hmmm good question.
I would believe that a weaker currency will probably encourage people to take advantage of their strong currency to get medical treatment.
I see this only happening for high cost treatments though. No body is going to fly from Europe to the U.S. for a dental check-up. We will most likely see a larger portion coming from Canada where their dollar keeps getting stronger compared to the US.
References :
My opinion…
International Business major
Marketing minor
February 20th, 2010 at 5:28 am
The cost of our health care is far too high. Even a falling dollar cannot make us competitive with countries like India and Thailand.
References :