Thailand is considering slapping a 500-baht ($16.60) entry fee on tourists to help cover foreigners’ unpaid medical bills

Thailand considers charging all tourists to cover unpaid hospital bills

October 23, 2013 – 12:32AM

Thailand is considering slapping a 500-baht ($16.60) entry fee on tourists to help cover foreigners’ unpaid medical bills, officials say. “The policy is the result of foreign tourists who have accidents or fall sick in Thailand and seek treatment at our hospitals but then can’t pay their bills,” the Health Ministry’s deputy permanent secretary, Charnvit Phrathep, said. The unpaid hospital bills of foreign tourists cost the state about 700 million baht a year, the ministry said.“We try to send the bills on to the respective embassies but they always say they have no budgets,” Mr Charnvit said.

“We will be the first country to implement such a policy, but Britain and Cambodia are considering something similar.”

The Interior Ministry, Health Ministry and Tourism Ministry had agreed on the policy, Health Minister Pradit Sintavanarong told the Bangkok Post.

The ministries would try to draw up a regulation that would not require new legislation and implement it from January 1.

The new policy might help prevent “trash” tourists from entering the country, Mr Pradit was quoted as saying.

The 500-baht fee would apply to air arrivals. Tourists entering by land would pay a fee of 30 baht for each day spent in the country.

Mr Charnvit acknowledged that most Western tourists had health insurance but said they would still have to pay and would benefit from the policy.

“In the longer term it will add value to the tourism industry,” he said. “We think most foreigners can afford 500 baht and if they come here and have a heart attack they will be happy to know they can get treatment at the nearest hospital with no questions asked.”

But representatives of the tourism sector were less enthusiastic and said the fee could deter tourists.

Pacific Asia Travel Association chairman Martin Craig said the fee would drive travellers elsewhere.

“It’s a sledgehammer to crack a nut and it doesn’t smell right to me.”

A large number of Australian arrivals, now approaching one million a year, would have to pay the fee.

Thai Hotels Association adviser Samphan Panphat said most foreigners who came to Thailand on tours “already have medical insurance so this fee would be redundant”.

“And there are questions about the transparency of the scheme.

“If Thailand does something strange like this, there could be a long-term negative impact on the whole industry.”

Thailand attracted 22 million tourists last year, earning the country $US32 billion ($33 billion) in foreign exchange revenues.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: