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India's Booming Medical Tourism Sector Needs Regulation |
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Written by Ankit Chaterjee
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Sunday, 06 April 2008 |
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SUNDAY, April 6, |(News Locale) - India's explosive growth in the IT sector has been well chronicled. Now a latest report released by the Planning Commission has revealed that more and more foreign patients are preferring India as the destination for their medical problems.
With a number of hospitals in the country offering services and technology that are on par, and in some cases better than any hospital in the West, that too at a cheaper price, the number of foreign patients has steadily increased.
According to the report, over 150,000 patients traveled to India in 2002, bringing in over $300 million in revenues. While a majority of the patients were from the SAARC countries, a number of NRIs from US and UK take advantage of the cost effective healthcare provided in the country.
The Planning Commission has also formed a high level group to help the sector sustain the growth by suggesting both short term and long term policies.
The report singled out the state of Kerala for praise for the ayurvedic care offered in the state. Still there are some concerns expressed by the report as far as the medical tourism sector is concerned.
One of the main factors that could impede the progress is the unwillingness of the insurance companies to cover the surgeries carried out in India. The reports added that steps are being taken to overcome the obstacles with a number of hospitals teaming up with international companies that could see patients being offered a choice of opting for treatment in India.
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