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The Cebu Medical Tourism initiative took shape from Executive Order 372 issued by the Philippine President, creating the private sector task force for the development of globally competitive Philippine service industries. The Department of Trade and Industry, in coordination with the National Economic and Development Authority, the Department of Finance, the Tariff Commission and the Bureau of Customs, was given the task to promulgate the implementing rules and regulations to implement the Executive Order.
The factors favoring medical tourism in the Philippines are as follows; 1)rising cost of healthcare in the US, UK, Canada, and Europe; 2)long waiting period in Europe; 3)ease and affordability of international (more…)