The Pros And Cons Of Globalization

A number of factors are driving the globalization trend. First is the high cost of medical care in the United States, which is the source of the largest number of patients. Many people find it far cheaper to fly overseas 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 America. Then is the fact that millions of Americans are uninsured and many more are underinsured and face high co-payments for expensive procedure with the exception of Obamacare, which now makes it somewhat possible for those to afford insurance. Many of these people find it far cheaper to fly abroad to get treatment, because sometimes greater access to modern technology could be the difference between life and death. The cost of medical services in other countries can run from 20-35% of cost for the same procedure in the United States Third, is the emergence of high-quality private hospital chains in Southeast Asia. Fourth, the rising costs of insuring their workforces are starting to persuade some large American companies to look abroad. And finally, some insurance companies are starting to run trials with payment for foreign treatment at internationally accredited hospitals.
In addition, educational opportunities being immediately available in the medical field are expanding for people from other countries, thus providing training unlike any other because of the mass availability of increased communication that is now immediate. Major pharmaceutical companies have also transformed into worldwide corporations. Their research no longer takes place exclusively in developed countries and this globalization of research activities results in the necessary strengthenin...

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...legal standards governing privacy and confidentiality of patient information.
6. Do you think that the globalization of healthcare is a good thing, or not?
I am middle of the road on this, Globalization of healthcare can lead to jobs, infrastructure, expand markets and create new ones in those under developed countries. It can also give local people in those countries access to medical care and technology that they might not have had. So in that respect, it’s good, however, it can come at a cost to those people who do travel abroad for medical attention whose governments do not protect them with laws and citizen rights. I believe in the USA and believe our money should stay on the homeland, but in the event I or my children are faced with a medical necessity that the US cannot afford me, I would highly consider seeking healthcare that globalization now provides.