Here's a better version of this article with photos of the hospital:
http://www.news.com.au/lifestyle/health-fitness/no-frills-ho...
In India, 'no frills' hospitals offer $800 heart surgery
91–100 of 116 posts
Re: In India, 'no frills' hospitals offer $800 heart surgery
#92Earlier quoted context omitted.
Good luck with the ambulance chasing lawyers in the US. Also, India's drugs are cheaper.
Of course their drugs are cheaper, if drugs companies won't sell to them at huge discounts, India ignores the patents and produces the drugs themselves. Consequently, the US subsidizes their drugs, insofar as they do not contribute to the costs of R&D, including research and clinical trials for working and failed drugs. If every country adopts that policy, which is the direction things are headed because it's the dom…
Just for note sake US companies uses Indians as Guienna Pig for R&D, so don't tell me we are not doing our part. So basically loot money from all over the world and than try to extract more with patent system. Sorry we can't let you do that.
http://www.rsc.org/chemistryworld/2013/01/india-supreme-cour... http://healthcare.blogs.ihs.com/2012/11/26/clinical-trial-co... http://www.ahrp.org/cms/content/view/898/84/
Re: In India, 'no frills' hospitals offer $800 heart surgery
#93Earlier quoted context omitted.
India has a medical insurance system. It's pretty simple, really - you pay actuarial cost + profit margin and it covers low probability high cost events. Cost sharing induces patients to be price conscious, inducing downward pressure on prices. Most common procedures have prices listed on a sign, for less common stuff you need to ask the doctor for the price. It doesn't usually cover birth control, psychologists, etc…
Correct. The problem is that a simple system like that is similar to car insurance, it only helps you pay for catastrophe. The reason US health insurance is so expensive is because we tried to institute a health plan via insurance that tries to do things like address chronic conditions and preventative care. There are many problems with that, but the point is that India has only solved the easy problem. We are in the…
The reason US health insurance is so expensive is because we tried to institute a health plan via insurance that tries to do things like address chronic conditions and preventative care.
False. Every other developed country has solved this problem while paying less - in most cases substantially less - than the USA. This while, according to a variety of statistics, getting better health outcomes.
There are a lot of reasons why medicine costs so much in the USA, but the factor that you identified is more of a convenient excuse than "the reason".
Re: In India, 'no frills' hospitals offer $800 heart surgery
#94I'd like to take a shot at answering this: why is a low cost medical treatment effective in India? 1. For the most part, medical education is good in India. In the better hospitals you will find that doctors are generally very smart and knowledgeable. They also happen to be very practical when suggesting treatments and do consider the treatment cost as a factor when suggesting options. 2. The cost of living in India…
There is a lot of state run medical colleges in India which offers (almost) free education, so that the doctors complete their education without racking up a huge debt.
Re: In India, 'no frills' hospitals offer $800 heart surgery
#95I'd like to take a shot at answering this: why is a low cost medical treatment effective in India? 1. For the most part, medical education is good in India. In the better hospitals you will find that doctors are generally very smart and knowledgeable. They also happen to be very practical when suggesting treatments and do consider the treatment cost as a factor when suggesting options. 2. The cost of living in India…
There is a lot of state run medical colleges in India which offers (almost) free education, so that the doctors complete their education without racking up a huge debt.
There are state run medical colleges, but by no means there are a 'lot'.
Yes the fees is less, but its not (almost)free.
And there are many doctors who move out of India, because the money is good outside.
Re: In India, 'no frills' hospitals offer $800 heart surgery
#96Earlier quoted context omitted.
Standard IT service company entry level SE salary is ~ INR 25000/month -> INR 830/day =~ $15, now divide it by 9 and it comes down to ~ $1.7/hr. Of course this is fresher salary and at a services company like Infosys, TCS, Wipro etc. If you start with a product development(that means just fixing bugs in almost all the cases) company or some of the startup(such jobs are quite few) then the monthly salary can be sth fr…
Sure, you can hire an "SE" (and I use the quotes deliberately) for $15/day also; but you won't get much use out of her/him. Decent grads from a good school regularly get Rs 100K/month offers, from what I've been told (which works out to about $10/hr or so).
>but you won't get much use out of her/him.
Wrong. Getting paid less doesn't mean the quality is always going to be bad.
In this case getting paid less means, people don't have opportunities to begin with and are ready to do compromise with anything just to get the opportunity.
When I started out here in India, I was paid 10,000 Rs per month at a call center. And I considered my self fortunate for even having a job. My programming job salary started at 14,000 Rs per month. Back then 16 hours at office used be my regular working hours, and I didn't even complain. Heck I considered myself extremely fortunate to even get that opportunity.
>>Decent grads from a good school regularly get Rs 100K/month offers,
You are talking of an extremely minute minority, who often don't work at their first company for more than an year. And generally go the US to their MS or MBA. In short they are not even relevant to the grand scheme of things.
Re: In India, 'no frills' hospitals offer $800 heart surgery
#97Well you can hire a software engineer in India for $10/hr. I think cost of living should have been at least mentioned in this article.
As an Indian, I can tell you $10/hr is some thing like dream pay I can imagine.
With 16 hour schedules and no weekends. I can make something like 2,40,000 per month.
That is something like the pay super-rich people get paid here in India.
Your ordinary programmer is worth around just less than a dollar per hour.
Re: In India, 'no frills' hospitals offer $800 heart surgery
#98Earlier quoted context omitted.
Agree. I'm looking for a flat to invest in and I am finding them out of reach, even after taking housing loan and they are running away from me a lot faster than I can catch up, besides, I've already started to pant :( (meaning the salary going to other holes in significant portions)
I have myself bought a home in Hyderabad...And I am convinced that that it is useless. Only if you sell the home, you can make it a worth while investment. That too, in the order of 10% which is probably same as mutual funds...Plz do total cost of ownership before buying.
Oh, you are in a trap.
If you have taken a huge loan(>40 lacs) to for your apartment. Especially in India- Hyderabad or Bangalore doesn't matter. You are likely to spend the next 15 years worrying about EMI's.
Re: In India, 'no frills' hospitals offer $800 heart surgery
#99Earlier quoted context omitted.
Narayana Hrudayalaya has some of the best post-operation recovery numbers comparable or better than your first world hospitals. > The hospital enjoys a high success rate - an average 1.4% mortality rate within 30 days of coronary artery bypass graft surgery, compared to 1.9% in the U.S. http://healthmarketinnovations.org/program/narayana-hrudayal...
Who audits the numbers for the hospital? Is it all self-reported?
Department of health does
Re: In India, 'no frills' hospitals offer $800 heart surgery
#100Earlier quoted context omitted.
There is a lot of state run medical colleges in India which offers (almost) free education, so that the doctors complete their education without racking up a huge debt.
There are state run medical colleges, but by no means there are a 'lot'. Yes the fees is less, but its not (almost)free. And there are many doctors who move out of India, because the money is good outside.
161 out of 355 is state run. [1]
When compared to the fees in the US and private colleges in India, the fees are very low (at least 1/5)
[1]http://mciindia.org/InformationDesk/MedicalCollegeHospitals/...