Originally Posted by ProfCrash
That if you live in a country that is developing you can afford to pay people a much lower salary then the folks who live in a developed country and hence develop niche health care markets that are insanely inexpensive. And that the malpractice liability is probably non-exisistant or really, really low. And that the land is probably less expensive to buy or rent. Probably the equipment is sold at a cheaper price then in the US because the area cannot pay as much.
Seriously, it is no different then asking what a Hilton hotel in the US could learn from a Hilton hotel in Thailand when the one in Thailand can afford to charge a good deal less for a hotel room then the one in New York City or Washington DC. Or what factories can learn from much cheaper manufacturing costs in a developing country from the US. The labor is less expensive, the land is less expensive, so you can charge a good deal less.
Basically, it is less expensive for the same reason that it is less expensive to build an iPad in China then the US.
so yes and no, they lesson is to simplify from what you are saying. The lesson is to stop the run-away economy and inflation...the lesson is to open the immigration doors....the lesson is to fix the trade imbalance...