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Globalization and Healthcare

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Submitted By samuelpalmer
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Globalization and Health Care
Samuel Palmer
Week One Assignment One
IBA301.90

Author Note Samuel Palmer, Business Administration-Marketing Major, Post University, Waterbury, CT.

Merriam-Webster defines globalization as the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Same can be said for health care. With rising costs, patients and health care systems have begun to look abroad for services and employees. I will address three questions in relation to the globalization of health care in this essay. Firstly, is globalization of health care good or bad for patients? Second, who might benefit from the globalization of health care? And lastly, who might lose with the globalization of health care?
Is globalization of health care good or bad for patients? This depends on who the patient is. For the United States, globalization means plainly the exporting of patients to other countries and the importing of medical services from other countries. With lower medical costs in other countries, patients now have the option to travel to those countries to receive care. Of course these patients inherit travel costs and any other necessary expenses associated with the travel, but is it not worth it to get better? U.S. medical facilities are now incorporating medical collaboration from physicians in other countries, where the need to be physically present is no longer needed, thanks to technology. The increasing mobility of health care professionals are now allowing other medical systems to actively recruit these people from developing countries. But is all this importing and exporting bad? I believe there is a price tag on personal health and if that help in my country is more expensive than the same care that can be received somewhere else and

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