Health Care Globalization

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What are the facilitating developments that have allowed health care to start globalizing?

1. The decline in barriers of free flow of health care services /capital has facilitated and allowed health care to start globalizing. The cost of medical services in other countries (i.e., Mexico, India, Singapore) generally run from 20-35% of cost for the same procedure in the United States. Many people find it far cheaper to fly abroad to get treatment versus the high cost of medical care in the United States and the quality of care is often comparable to what they would receive in the U.S.A. This creates opportunities for health care providers in other countries to grow their business, for U.S. insurance companies to lower their costs by agreeing to pay for treatment in accredited hospital overseas, and for health brokers in the U.S.A. who make money arranging for U.S. citizens to have treatment overseas, and benefits health care consumers. 2. Advances in technology, particularly the dramatic developments in telecommunications, information processing, and transportation have facilitated and allowed health care to start globalizing. The rapid growth of the Internet (World Wide Web) has been a major force facilitating and allowing hospitals in the U.S. to send images (i.e., X-rays, Ct scans, MRI scans, and ultrasound) over the internet to doctors/skilled workers overseas who specialize in reading/interpreting diagnostic medical images. This reduces the workload on medical specialists in the U.S., cuts costs, and is effectively faster. Some of these countries are on the opposite side of the globe, thus the images could be interpreted while it is nighttime in the U.S. and be ready for the attending physician when he/she arrives for work the following day. In addition to developments in communication technology, a major innovation in transportation technology…...

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