US tariff can affect the medical tourism industry: Report

New -Delhi, May 18 (IANS). There is an ongoing increase in medical expenses in the US, so more and more patients are moving abroad for cost -effective treatment options. This can see the impact of the tariff on the medical tourism industry. This information was given in a latest report. There have recently been many major changes in US trade policy, especially changes related to import duties on countries such as China. This policy is usually justified by economic and geopolitical views, but this policy also affects the medical device industry, especially medical tourism, including medical tourism. According to an important data and analytical enterprise Globaldeta, an important result is to see what effect the rate has on medical tourism. Medical tourism means traveling to another country to get healthcare. The US has set heavy rates on various medical products imported from China, including sprayers, rubber medical and surgical gloves and face masks. The report says: “These items form an integral part of many medical procedures and daily healthcare activities. The application of rates to such items has disrupted the supply chain, the procurement strategies of the hospital have been prohibited and the cost of healthcare distribution in America has increased.” In response to these rising costs, American people are constantly turning to medical tourism. Popular destinations include Mexico, India, Thailand and Costa Rica, which offer internationally recognized healthcare facilities. For example, the average cost of knee replacement operations in the US may be over $ 50,000, but the same process can be done in India or Mexico for $ 8000-12,000. US healthcare providers are staring at an increase in operating costs due to rates. Especially imported surgical instruments, diagnostic equipment and protective equipment increase the price difference between domestic and international care, giving patients financial incentives to consider the treatment abroad. Alexandra Murdoch, senior medical analyst at GlobalData, said: “Although the tariff was not aimed at affecting health care, it affects the patient’s decisions. The increase in medical equipment costs leads to an increase in expensive treatment.” US rates on medical imports not only give a new incidence to international trade relations, but also domestic healthcare economy. This leads to an increase in the cost of medical care, which unevenly affects the insurance and low insurance population. The biggest impact of price pressure is seen as an increase in the outgoing medical tourism. Patients are looking for cheap high quality care in countries that are not affected by these rates. It also becomes a trend that can also remain in the future. -Ians skt/as