Forgot your password?
  • Increase font size
  • Default font size
  • Decrease font size
  • default color
  • green color
  • red color

MabuhayRadio

Friday
May 24th
Home Sections Health and Medicine J. Owen Diaz's Tables for Healthcare-cost Savings
J. Owen Diaz's Tables for Healthcare-cost Savings PDF Print E-mail
User Rating: / 1
PoorBest 
Sections - Health and Medicine
Written by J. Owen Diaz   
Thursday, 10 March 2011 11:46

Editor’s Note: To contact the author, please e-mail Joseph G. Lariosa at:  (lariosa_jos@sbcglobal.net)

 

 

TABLE 1

 

 

Possible Medicare Savings from Foreign-born United States Retirees.

By Jose Owen R. Diaz, CFP

 

 

Estimated

Year 2011 U.S. Medicare Savings

Year

 

Ethnicity

Mexicans

Chinese

Filipinos

Indians

El Salvador

Vietnam

Korea

TOTAL

 U.S. Dollars

 

2000

 

 

Population Group

 

Age 65 and over

 

 

 

20,640,711

 

809,842

 

 

2,432,685

 

235,995

 

 

 

1,850,314

 

164,768

 

 

1,678,765

 

66,834

 

 

655,165

 

17,324

 

 

1,122,528

 

58,241

 

 

1,076,872

 

68,505

 

 

29,457,040

 

1,421,509

 

 

 

 

2007

 

Foreign-Born

 

Age 65 and over

 

11,739,00

 

868,668

 

 

1,930,000

 

252,909

 

1,701,000

 

176,629

 

 

1,502,000

 

71,635

 

 

1,104,000

 

18,580

 

1,101,000

 

62,436

 

1,043,000

 

73,384

 

 

20,120,000

 

1,524,242

 

 

2010

 

Foreign-Born

 

Age 65 and over,

 

 at 10% returning to their country of origin

 

 

29,347,500

 

2,611,928

 

261,193

 

 

2,895,000

 

257,655

 

25,766

 

3,634,000

 

323,603

 

32,360

 

 

3,214,280

 

286,071

 

28,607

 

2,362,560

 

210,268

 

21,027

 

2,356,140

 

209,696

 

20,970

 

2,232,020

 

198,650

 

19,865

 

46,041,500

 

4,097,870

 

409,787

 

 

 

 

2011

 

 

Based on medical cost in Phil.[1]

 

Foreign-Born Age 65 and over,

 

at 10% returning to country of origin.

 

At 15% returning to country of origin.

 

 

 

2,636,044

 

 

263,604

 

 

305,407

 

259,861

 

 

25,766

 

 

38,979

 

327,556

 

 

32,756

 

 

49,133

 

290,121

 

 

29,012

 

 

43,518

 

212,131

 

 

21,213

 

 

31,820

 

211,507

 

 

21,151

 

 

31,726

 

198,405

 

 

19,841

 

 

29,761

 

4,135,626

 

 

413,563

 

 

620,344

 

 

 

  2,787,414,620[2]

 

  4,181,118,560

 

    A

 

    B

 

Statistically projected average of five years in the Philippines.

Net Savings plus Saved Interest at 2.5%

Average U.S. savings per retirees living in the Philippines.

 

 

 

49%

$6,740[3]        

 

Sources: U.S. Census Bureau.                                                                

 

 

Table 2

SAMPLES OF MEDICAL COST IN SOME CITED COUNTRIES

 

All medical cost quotes in U.S. Dollars (Aug.3, 2010) are from allmedicaltourism.com

 

Procedure

USA

Mexico

China

Philippines

India

El Salvador

Vietnam

South Korea

 

CT Scan

1,250

575

 

300[4]

250

 

 

                  140

 

MRI Scan

1,104

575

 

3301

               250

 

 

                  650

 

PET Scan

             7,200

 

 

 

800

 

 

                   890

 

Cyberknife Cancer Therapy

17,975

      16,500

           12,000

     11,270

         12,000

 

 

              13,500

 

Radical Prostatectomy

25,300

      10,000

 

       9,350

            7,000

 

 

               10,220

 

Bladder Cancer/Radical Cystectomy

             1,750

        1,100

 

       1,100

675

 

 

                 1,450

 

LASIK Eye Surgery

             4,400

           400

 

 

               500

 

 

 

 

Knee Arthroscopy

             6,900

4,446

 

       2,600

 

 

 

                 9,360

 

Knee Rplacement

           20,800

      13,375

 

     10,400

            7,142

 

 

               15,600

 

Hip Replacement

           16,662

        8,000

 

       5,173

            6,950

 

 

                5,890

 

Heart Valve Repair

           60,000

      15,500

 

       9,600

          11,666

 

 

               24,700

 

Cataract Removal

             7,920

       6,000

 

 

 

 

 

 

 

Angioplasty

           48,250

      11,666

 

     10,347

            7,175

 

 

                 6,875

 

Total Cost of Procedures

         219,511

      88,137

 

     59,840

          54,408

 

 

               89,275

 

Medical Procedure Cost Savings

 

58%

33%

72%

73%

 

 

57%

 

 

 

J. Owen R. Diaz, CFP

Proposal to help reduced Medicare cost.

August 11, 2010

 



[1] Philippines approximately represent the average cost of medical care among the cited countries.

[2] Projected savings is higher when we include Non-FBRs.

[3] This amount was taken from the Excel Spreadsheet 1

[4] Direct quote (average) from a well known hospital in the Philippines. Accredited by JCI (Joint Commission on Accreditation of Healthcare Organizations (JCHO), the oldest and most prestigious healthcare accreditation organization in the world, It is respected by U.S. hospitals for its reputation, experience and credibility.



Newer news items:
Older news items:

 

Add your comment

Your name:
Your email:
Subject:
Comment (you may use HTML tags here):

Quote of the Day

"I planted some bird seed. A bird came up. Now I don't know what to feed it."--Steven Wright