Medical tourism, already a big industry, is on the cusp of really taking off.
Just a few minutes ago, David Williams, a medical tourism consultant in Massachusetts, opened the Health Care Globalization Summit here is Las Vegas with an overview of the industry and made a few predictions of where it's headed.
U.S. medical insurance companies, he said, will start providing medical tourism policies later this year. Small and medium-sized forms will likely be first, offering policies to the millions of Americans with no health insurance. With U.S. health costs so hight, they simply can't afford the insurance. With medical tourism offering care at 10 to 25 per cent of the cost, some of those people might now be able to afford insurance. "These are really people on the cusp" of affording health insurance, he said.