About 6 years ago we were in Berlin on the roof of SoundCloud’s offices overlooking the sun setting on the city having drinks and food. There were only about 50 people in the company then although my memory might not be crystal clear but I do remember an entrepreneur who was building a company on medical tourism.
I loved the whole idea but knew he had a very long way to go. The concept that you would go to the best place in the world for the surgery you needed and insurance would pay for it because the price was better there than at home. It creates global medical competition. That’s a good thing particularly because in the next decade we will see big changes with data and technology in the medical field. You could pay for the balance of your bill with bitcoin or some cryptocurrency. Economies are created.
Our country continues to cut funding to other countries like South America which is actually counterintuitive to stop the flow of immigration. Medical tourism might be small but if this can create bigger momentum perhaps that will force the hand when it comes to the cost of medicine in this country.
I did not invest in that entrepreneur but I am super curious where his business is today.