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FINANCIAL NEWS
International medical care costs Middle Eastern government USD7.5b
20 Jun 2011
(MENAFN) Kuwait-based Kleos Healthcare Corporation said that it is working with a Middle Eastern government that spends USD7.5 billion annually sending patients abroad for specialized treatment, Arabian Business reported.
The undisclosed government sends over 30,000 patients abroad for treatment each year at a cost of up to USD250,000 per patient. Dr. Mussaad Al-Razouiki, Kleos CEO, said that it is unsustainable for Middle Eastern government to pay for overseas healthcare treatments for their booming populations on a fee for service basis.
The health infrastructure of most Middle Eastern countries is lacking, Razouiki said. In comparison to the US and most OECD countries which have around 4 hospital beds per 1000 people, the majority of Middle Eastern countries barely exceed 2 beds per 1000 people.
The CEO said that insurance may be part of a solution to lacking health care infrastructure in Middle Eastern countries that should also include developing an IT health system and specialty hospitals.
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