NEW YORK (MainStreet) We've wasted all this time and money trying to save the American healthcare system when the answer is so much simpler: international medical tourism. Perhaps Obamacare should convert to ObamaAir and subsidize global travel for medical procedures and prescriptions. Once again, the International Federation of Health Plans (IFHP) has surveyed global healthcare costs and finds that the United States continues to have the highest fees for drugs and various medical procedures among surveyed countries.
Comparing costs from a database with over 100 million claims, reflecting prices negotiated and paid between thousands of providers and for almost a hundred commercial health plans, the IFHP report shows American healthcare is more expensive but not necessarily better.
It begins with the cost of medicine. The average prices in the U.S. for eight prescription drugs included in the survey were all higher in some cases extremely higher than in the other countries included in the study. For example, Celebrex, a medication commonly prescribed for pain, has an average cost of $225 in the U.S., compared to $112 in England -- and just $51 in Canada. Spain, Switzerland and the Netherlands all offered lower prices for the medication than in the U.S.
Nexium, commonly prescribed for acid reflux, has an average cost of $215 in the U.S., while in the Netherlands, England, Spain and Switzerland, the same medication has an average price ranging from $23 to $60.
And hospital stays are even less of a value. According to the IFHP, the average cost for a one-day hospital stay in the U.S. is $4,293. In Spain, it's $481.