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Step 1 |
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Get Started! Call us at 1.877.MY.MEDTRAVA or Submit the Contact Us form Today! |
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Step 2 |
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Coordinate the details of your medical journey with your MedTrava Case Manager. |
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Step 3 |
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Get our free quotes for procedures and save thousands of dollars! Register Now |
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Hospital Details - Videos, Pictures
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Medical Travel checklist |
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Medical Travel do’s and don’ts |
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Destination City guides |
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Connect with Medical Consultants |
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The American Healthcare Crisis |
Costs and Spending on Healthcare in The U.S. |
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In 2005, the U.S. spent $2 trillion on healthcare or 16 percent of GDP and $6,697 per person. The Centers for
Medicare and Medicaid Services estimates that nearly one-fifth of GDP will be devoted to healthcare by the
year 2016. (The Henry J. Kaiser Family Foundation, Report #7670, August 2007) |
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By the year 2016, the Centers for Medicare and Medicaid Services (CMS) projects that health spending will
be nearly one-fifth of GDP (19.6 percent). (U.S. Department of Health and Human Services, Centers for
Medicare and Medicaid Services, "National Health Expenditure Projections 2006-2016," January 2007.)
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The U.S. spends substantially more on health care than other developed countries, about 13 percent higher
than the next highest spending country and about 90 percent higher than many other countries we would
consider global competitors. (Organisation for Economic Co-operation and Development. OECD Health
Data 2007)
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The U.S. accounts for a shocking $2.2 trillion of $3.9 trillion spent annually for healthcare worldwide and
ranks 37th worldwide in quality of care (Johns Hopkins Bloomberg School of Public Health, 2007)
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Employer-Based Health Insurance Premiums on The Rise |
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In 2006, the cost of employee health care coverage rose 7.7 percent, more than double the overall inflation rate and well ahead of the increase in the incomes of workers. (http://www.nchc.org/facts/2007%20updates/cost.pdf) |
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Since 1988, premium growth has outpaced workers' earnings almost every year except for a brief respite in
the mid-1990s, premiums increasing 8 and 14 percent per year since 2000, versus typical wage increases of 3
to 4 percent. (Kaiser, ibid.)
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For each percentage point increase in healthcare costs relative to income, the number of uninsured people
increases by 246,000. (Todd Gilmer and Richard Kronick, "It's the Premiums, Stupid: Projections of the
uninsured through 2013," Health Affairs Web Exclusive (April 5, 2005): W5-143-W5-151
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Health insurance expenses are the fastest growing cost component for employers. Unless something changes
dramatically, health insurance costs will overtake profits by 2008. ( http://www.nchc.org/facts/cost.shtml)
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Impact On The American Family |
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Four out of five Americans or 89.6 million people under the age of 65 were uninsured for some or all of the
two-year period between 2006 and 2007, and were from working families. ("Wrong Direction: One out of
Three Americans are Uninsured", A Report by Families USA, September 2007) |
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The employee share of family insurance premiums increased by 78.2 percent between 2000 and 2006. (Ibid,
Families USA, 2007) As a result, more and more working families are being priced out of job-based
insurance. (Sara Collins, Jennifer Kriss, Karen Davis, Michelle Doty, and Alyssa Holmgren, "Squeezed: Why
Rising Exposure to Health Care Costs Threatens the Health and Financial Well-Being of American Families"
(New York: The Commonwealth Fund, September 2006)
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Nine out of 10 people who sought individual healthcare coverage never purchased a plan - either because
they couldn't find an affordable plan, they were rejected for coverage, or they were offered a plan that
excluded coverage for the very care they are most likely to need. (Ibid, Collins et al.) |
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Nearly 50 percent of the bankruptcies in the United States are caused by illness and healthcare costs that Americans can't pay. (http://volokh.com/posts/1108558247.shtml) |
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The Promise of Outsourced Healthcare |
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In 2005, an estimated 500,000 Americans journeyed overseas for medical care as part of a medical tourism
package. (American Medical Association Report on "Medical Tourism and Quality Care" - June 2007)
The 2008 Survey of Healthcare Consumers published by the Deloitte Center for Health Solutions revealed the
willingness of Americans to travel abroad for medical treatment.
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3% of American consumers surveyed have already travelled outside the US for treatment; and 27% said they
would travel abroad for healthcare in the future;
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39% would consider an elective procedure abroad, if it was half the cost and of equal quality. |
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Healthcare in India Today |
Through the phenomenon of medical tourism, medical care from critical to elective is available on-demand from
internationally accredited hospitals in India. Indian hospitals associated with the MedTrava Group require zero
waiting time for major surgeries. |
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