Global medical inflation in Thailand

21 Nov

Global medical inflation in Thailand

Many foreigners choose to visit, or permanently relocate to Thailand because of the high- quality healthcare services that the country can offer. Thailand has become world famous for the high levels of care, professional and experienced staff, and quality treatment that it can offer to all patients in its hospitals, whether they are Thai citizens or foreign nationals.

เป็นที่เห็นได้อย่างชัดเจนว่าโรงพยาบาลส่วนใหญ่มีช่องทางการรับชำระเงินอย่างหลากหลายไม่ว่าจะเป็นเงินสด บัตรเครดิตหรือประกันสุขภาพ เพื่อแบ่งเบาภาระต้นทุนค่าใช้จ่ายที่สูงของโรงพยาบาล ในขณะที่It must be noted however, that hospitals will seek cash, credit cards or insurance policy to cover costs. The worldwide medical and healthcare industry is experiencing rapidly increasing costs and expense, with medical inflation tracking for many years at near double digit numbers. For instance, medical inflation in Thailand in 2017 was estimated at 9.2%. Costs associated with healthcare are rising at the fastest rate ever in every single country around the world, including in Southeast Asia. In countries such as Thailand, costs are likely to be too high for the average individual to afford out of pocket. With the cost of treatment rising all the time, out of pocket payment can put a major strain on your finances. A quality medical insurance policy will protect you from the high costs associated with the healthcare industry, lessening the financial strain that would otherwise be case.

Thailand has seen its healthcare industry grow and thrive. However, even though the costs of treatment may be currently lower than in many (though not all) countries, those costs are still relatively high for the average individual to bear on their own. It is also important to remember that due to the worldwide phenomenon of medical inflation, global treatment costs may see an even more dramatic rise in the years to come.

*Please note -Today’s costs of treatment can be found on the internet by checking various hospital websites – as by law all Thai hospitals have to post their costs. Eye surgery for cataracts or repair of retinal detachments for example and even knee replacements involve substantial expense, not to mention coronary artery bypass grafts, heart transplants and aortic heart valve replacements. This is really worth checking out.