Sean King

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Knoxville, Tennessee, United States

Sunday, November 16, 2008

Insurer Promotes Much Needed Competition in Healthcare:

The nation's second largest insurer, Indianapolis' Wellpoint, is looking everywhere to save some cash for it's clients. Now they're outsourcing medicine to india.

According to the Minneapolis Star Tribune, Wellpoint is willing to drop their deductiible and co-pay and to pick up travel expenses to India for a small set of its beneficiaries who are willing to travel for health care.
Joint replacement surgery costs $50,000 to $60,000 less in Bangalore, India than it does in Bangor, Maine, and health insurers want a piece of that discount.

As I understand it, many hospitals in India are accredited to US standards, so this seems like a reasonable way of managing costs.

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