... and in Mexico, Thailand, and elsewhere abroad: Outsourcing Health Care To Countries That Appreciate Efficiency (Adam Ozimek channeling Tyler Cowen channeling Ragharum Rajan).
Rajan argues that this would stimulate competition and innovation in U.S. health care. Ozimek cites a 2008 paper from the journal Health Care - the abstract reads:
Recent discussions in health reform circles have pinned great hopes on the
prospect of innovation as the solution to the high-cost, inadequate-quality U.S. health system. But U.S. health care institutions—insurers, providers, and specialists—have ceded leadership in innovation to Indian hospitals such as Care Hospital in Hyderabad and the Fortis Hospitals around New Delhi, which have U.S.-trained doctors and can perform open heart surgery for $6,000 (compared to $100,000 in the United States). The Indian success is a window into America’s stalemate with inflating costs and stagnant innovation.
Cross posted from The Custom House.