The Baby Boom generation—the dominant market demographic in the U.S. since the 1950s—is now reaching the time of life when people inevitably need more and more healthcare. The Affordable Care Act set some limits to related companies’ profits, but those may soon be eliminated by Trumpcare.
This will be a great financial windfall for the insurance and pharmaceutical companies who are set to reap unprecedented profits from it.
But likely so will medical tourism as Americans look overseas for affordable options. Americans who know how to travel will not be a captive market. For those who fear losing access to affordable care in the U.S., the possibilities of travel abroad can provide some reassurance that they may have alternatives.
One of the top drivers for the rapid growth of medical tourism is the rise of international accreditation agencies that can take the risk and worry out of going abroad for medical care.
According to Patients Beyond Boarders, a consumer research organization, “The US-based Joint Commission launched its international affiliate agency in 1999, the Joint Commission International (JCI). In order to be accredited by the JCI, an international hospital must meet the same set of rigorous standards set forth in the US by the Joint Commission. More than 600 hospitals and clinical departments around the world have now been awarded JCI accreditation and that number is growing by about 20 percent per year.”
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