The healthcare industry used to be less vulnerable to global

The healthcare industry used to be less vulnerable to globalization. Healthcare used to be delivered where purchased or where the patient lived. However, with rapid changes in technology, this has changed drastically in the last decade. Diagnostic results are now being sent across the globe for reading and analyzing. The globalization trend has even reached surgery. It is not uncommon for patients to travel to other countries for less expensive medical procedures. After reading the chapter about globalization, answer the following: On balance, do you think globalization of healthcare is good or bad for the U.S. and for the rest of the world? Why or why not? Explain your position.

Solution

Gloablization of healthcare is good to US and to the other nations also. Because patients can travelled to other nations not only to save money but also to get quality treatment/treatments not available in their home nations. It helps them to cure their problems and they can enjoy thier lives in a normal way.

But with comparatively other nations, the healthcare cost is somewhat high in US, so patients may travel to other nations to benefited and for cost minimization for the treatment. Beacuse the services at US healthcare centers are most quality in nature, the other/hidden charges are high in US comparatively with other nation. It is a small portion which US policy makers should focus, think and reframe their pricing strategies.

Totally, it is good move to both citizens and nations, globalization erases the lines and boundries between the nations. Peoople can get any kind of services from any nation, they can go for more customized rather than standard and common solutions to their problems.

By travelling to other nations for treatment, people can be save thier lives, at the same time the host countires will enjoy foreign currency, which helps them to get more development in their nation. So, globalization of healthcare services is good to both US and the rest of the world too.