Korea gives ‘medical tourism’ a sky-high lift

by Shin Sung-sik , JoongAng Daily | 2010-04-16

The cost of health care, and health insurance, in America has reached a level where it is cheaper to cover all the costs of flying a patient to Korea for medical treatment than to cover a comparable procedure in the United States.

And one Korean health insurance provider is taking advantage of that. For the first time, three American subsidiaries of Korean companies - Woori America Bank, Daewoo Electronics America and Daewoo International America - have purchased a Korean insurance package that will send American workers here for medical treatment for serious illnesses, according to the Health Ministry and the Korea Health Industry Development.

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The cost of health care, and health insurance, in America has reached a level where it is cheaper to cover all the costs of flying a patient to Korea for medical treatment than to cover a comparable procedure in the United States.

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