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Best and Cheapest Healthcare

Kathleen Peddicord by Kathleen Peddicord
Jun 21, 2013
in Retirement/Living
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A collage of doctors and hospitals showing the different options for health care in Panama
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The World’s Best Healthcare

As you know, this Monday, we released our Retire Overseas Index.

This first-ever index surveys the 21 best places in the world to retire. Each destination is graded in each of 12 categories, from cost of living to climate, from infrastructure to healthcare, from residency options to taxes.

Yesterday, we looked closely at how we considered and graded the cost of living in each of our winning destinations.

As critically important as budget to the would-be retiree overseas is healthcare, especially if you have an existing health concern that requires ongoing monitoring and potentially emergency treatment. In that case, this is a make-or-break issue.

And, in that case, you should take Granada, Nicaragua, and both Ambergris Caye and Cayo, Belize, off your list.

That said, the Hospital Metropolitano Vivian Pellas in Managua provides globally competitive care. Managua is 45 to 60 minutes from Granada, probably near enough for you to be able to get to the capital in time for even emergency care.

There’s currently no facility that I would describe as “globally competitive” in Belize. Expats in Belize typically travel north to Chetumal, Mexico, when they need medical care they don’t feel comfortable seeking out in Belize.

In other words, in every destination included on our list you’d be near enough to international-standard care, nearer if you stick with the metropolitan areas.

For the healthcare category of our survey, we take into account the availability of care of a standard foreigners will find acceptable in the localized destination being highlighted; insurance coverage options; cost (both of care and of local insurance); and the quality and number of hospitals and clinics. All these things considered, our Retire Overseas Index awards “A’s” in this category to:

–Cebu, Philippines
–Chiang Mai, Thailand
–Cuenca, Ecuador
–Georgetown, Malaysia
–Kuala Lumpur, Malaysia
–Languedoc, France
–Medellin, Colombia
–Panama City Beaches

Note that I made the point above that, for these rankings, we are looking at the private care available in each destination. This is because retirees in these places are going to be more comfortable seeking private care, rather than care from the local public system.

In the Philippines, for example, the private health care sector is booming, fueling a fast-growing medical tourism industry here. This is what we’d recommend the resident retiree tap into. Public facilities in this country likely would not be of a standard you’d find acceptable.

Kathleen Peddicord

 

Continue Reading: The Idea Of America

Tags: Best Medical CareCheapest HealthcarehealthcareHealthcare OverseasRetire Overseas Index
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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