Medical care in the Philippines and medical insurance alternatives. Here’s an interesting comment from a long-time reader, Bob from New York. Quite insightful on several different levels.
Medical Care in the Philippines
I made a few comments, but Bob pretty much has said a lot that I have been saying for years … Americans tend to be slaves to what we “think” is the best medical care in the world … it’s actually the 37th best care in the world, superior to other countries only in costs … and further slaves to the insurance company cartel which actually runs the US based on Political Action Committees, unlimited bribes oops, contributions to both political parties and the promulgation of mainly unfounded FEAR.
Medical Care in the Philippines — Retirees
I never realized how many people have or are contemplating moving to the Philippines for their retirement. My neighborhood where I live now has turned over at least twice in the 35 years I have lived here. People retire and can not afford the taxes. Fortunately I have a smaller place and pay about half of what my neighbors pay in taxes. When the time comes for me to consider retirement I will see just how far my retirement income will go here. (Hint: It will certainly go farther in the Philippines — ed.)
I recently watched a DVD about health care and how American Citizens could not get the health care they needed when they needed it because they did not have health insurance. Many of them were brought together by the producer of this DVD and went elsewhere for affordable care. Those that were refused in the USA due to lack of health insurance received excellent health care in such countries as France, ( France, BTW, is the world’s number one rated health care system. ed) The UK and even Cuba of all places and they were not even charged for the excellent treatment and care they got in these foreign countries. In the USA some of these people were put out on the street by hospitals and given a ride to homeless shelters and just left on the sidewalk ! (And a huge percentage of Americans vehemently opposed the Obama initiative to expand government-funded health care? Yes, I suppose so, after all the US isn’t as capable a country as France — or the other 35 countries that provide better health care for their citizens, is it? Poor us. ed.)
That got me to thinking, with the cost of Medical Care in The Philippines, instead of spending thousands per year for health insurance here, just save that money in a bank account and only use it if needed for much lower cost health care in the Philippines. I have toured a couple of hospitals on my visits there. Next time I am going to take a look at a very well known ISO 9001 Certified Hospital. I might even try to get a Physical Exam there as trying to get one here they send you around to specialists, each doing only one part of a physical exam. The Doctor I had for many years used to do everything in his own office including the lab work. Unfortunately he retired so those days are gone. I finally got a Doctor here to admit if they don’t see at least 4 or 5 patients per hour, they are not making enough money to cover their overhead. It is all controlled by the Insurance Companies.
(One thing I think most Americans fail to realize is that US health care costs are driven mainly by short-term loan issues than actual medical costs. When a person drops their health insurance card on the counter to pay for their care, the doctor/hospital has no idea exactly how much they will actually be paid, and when. So just like a “payday loan”, they tack a huge amount on the bill to cover the inevitable lag and denials/discounts in the process. If medical care was paid upfront, as it typically is in the Philippines, the costs would be dramatically lower. Medical insurance carriers in the US are actually the world’s leading “legalized” loan sharks … living off the vig. ed.)
Medical Care in the Philippines — Go It Alone?
This has just about convinced me that Health Care may have an advantage in The Philippines if you are anywhere near a decent health care facility. Be your own insurance Company, save your cash and maybe even make a little interest on it, then if you need it get cost-effective treatment in The Philippines. The only place in Philippines that interests me is Iligan City.
Mindanao Sanitarioum Hospital is ISO 9001 Certified and from some of the pics of the inside I have seen resemble that of hospitals in the USA. I am going to tour this place next time I visit. The credentials seem impressive if you look them up.
Medical Care in the Philippines — It’s Not All or Nothing
Another consideration I have thought of, once I retire ( if I ever really do ) is not to immediately sell what I have here and move lock stock and barrel to Philippines, but maybe rent a place for 6 months or a year and just give it a try. If I feel at home there then I would sell out what I have here, if I feel I can not deal with it on a full-time live there basis then I would just consider it as an extended vacation and still have my home here in the USA.
Although I have immensely enjoyed my visits and vacation I know it is not the same as being a full-time resident. On each visit though I explore more and more things I would require to know if I did actually live there.
From what I have found so far, at least for me I think I am satisfied with what I have found concerning the health care issue. It could very well be a better deal there in the Philippines ! … Medical care in the Philippines that is.