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Foreign Medical Insurance January 3, 2008

Posted by whiteboardconsultant in Business to Business, Healthcare.
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Using the low cost foreign medical service providers to insure domestic workers for less

Introduction to the concept:
a. Cost of major medical procedure can be a tenth of the cost to perform in a foreign country by qualified doctors, as it is to perform in the US at a local hospital

b. Drugs can be sourced from low-cost providers and dispersed to domestic customers

c. Cost to employers for medical insurance could be cut in half

Why it will work: Rising cost of medical insurance is crippling employers and causing many to stop insuring workers; innovative options are needed in the stagnant industry; takes advantage of existing foreign providers of medical services for western nations; centralized foreign sourcing for prescription drugs will cut costs tremendously