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Global Post’s What Obama’s Affordable Care Act Means for the World’s Hospitals by Matt Levin

Global Post’s What Obama’s Affordable Care Act Means for the World’s Hospitals by Matt Levin. Chelsea Swanhorst. Background. Medical Tourism :

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Global Post’s What Obama’s Affordable Care Act Means for the World’s Hospitals by Matt Levin

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  1. Global Post’sWhat Obama’s Affordable Care Act Means for the World’s Hospitals by Matt Levin Chelsea Swanhorst

  2. Background Medical Tourism: • People who live in one country travel to another country to receive medical, dental, and surgical care…and are traveling for medical care because of affordability, better access to care or a higher level of quality care. * • Thrives on uninsured US citizens * Medical Tourism Association

  3. Background The Affordable Care Act • 2014 all US citizens are required to have health insurance • Affordable Insurance Exchange • Citizens may opt out for a fee Healthcare.gov

  4. Article Summary: What Obama’s Affordable Care Act Means for the World’s Hospitals 3 Main Ways Obamacare Affects the Medical Tourism Industry • May hurt the industry • Big changes in America’s healthcare: doctor shortages, longer hospital waits, and insurance company extending coverage • Paying fee may be cheaper My Opinion • Americans will be unhappy with outsourcing healthcare • Lack of confidence in Costa Rica’s healthcare institutions

  5. Outsourcing Healthcare • Surgeons and physicians in Costa Rica are educated in the US • US citizens travel to Costa Rica to receive this care • Each country has a comparative advantage

  6. Worldbank Healthcare in Costa Rica: Life Expectancy Rate • Costa Rica’s life expectancy 79.2 (2010) • US’s life expectancy was 78.2 (2010)

  7. Healthcare in Costa Rica: Confidence Level • No official regulatory body overseeing the medical tourism industry • American Medical Association has guidelines* • Joint Commission International, JCI** • Accredited two hospitals in Costa Rica • Post-op resorts pick up patients from airport and provides transportation to the patient and family * www.ama-assn.org/ama1/pub/upload/mm/31/medicaltourism.pdf **www.jointcommissioninternational.org/JCI-Accredited-Organizations/

  8. Non-Tariff Barriers • Pros of regulation: • Increases confidence • Increases higher education, medical tourism, and other industries through the roundabout way • Cons of too much regulation: • Promotes inefficiencies • Creates obstacles for patients • Hurts higher education, medical tourism, and other industries through the roundabout way

  9. Procedures • Obamacare will not affect dental work, elective surgeries, & operations not offered in the US • These procedures are most common in Costa Rica • Emergency surgeries can’t be performed internationally

  10. English International Patients

  11. Prices www.medicaltourism.com/en/compare-costs.html

  12. Benefits to Costa Rica’s Economy • American patients stay longer and spend six times as much money versus American tourists • Family comes before procedure • Family stays to help recovery

  13. Benefits to Costa Rica’s Economy • Promed, medical tourism agents • 67% of Costa Rica’s GDP is commerce, tourism, and services* • Tourism needs to be a sustainable industry *www.state.gov/r/pa/ei/bgn/2019.htm

  14. My Conclusion • Not just a fad • US isn’t competitive in healthcare industry • US healthcare industry cannot be completely eliminated • Benefits developing countries • Non-tariff barriers are largest threat • Regulations are necessary

  15. Questions?

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