Why Is Medical Care So Much Cheaper in Certain Countries

There are various reasons like Doctors in the US need to pay medical malpractice insurance which cost over $100,000 annually. Foreign doctors are also required to pay medical malpractice insurance but their costs are as low as $4000 annually. This absolutely does not mean that their healthcare technologies and institutions are lagging in any way.

Other reasons are:

• Low cost of labor
• Low real estate values
• Low construction costs (to build hospitals)
• Low government taxes
• Less administrative paper shuffling
• Less bureaucracy
• Cheaper medical supplies/equipment/medications