Thursday, June 2, 2011

Would government approval of allowed health insurance plans be considered a restraint of trade?

It it would negatively impact businesses in other countries, could a complaint be filed with the WTO for restraint of trade? For example, modern hospitals in India and Thailand where Americans now go for cheaper surgeries would lose business
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India and other countries and most of all our government would like that better. They would not hesitate to make a deal with the Chinese either and offer to pay for the treatment (cover it under insurance), because it will save the U.S. Government billions. What it will do is bring the rates in this country lower and make it reasonable, if people started leaving for all the expensive surgeries. By the way Mayo Clinic and Harvard are already operating hospitals (the type you mentioned) in India. It is thriving and they expect to open more. This will happen whether we like it or not. Just like in any trade. If we are not competitive, we will lose out, just like we did in the automotive industry. PS: You have a creative mind, to come up with that question.
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