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Case – Globalization of Health Care

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Case – Globalization of Health Care
1. Some of the developments are
a. American insurance companies beginning to cover treatments performed in other countries.
i. This is a cost saving experiment. The potential of cost avoidance could be in the billions. I’m sure they will study the submissions to ensure no residual infections or secondary conditions arise from the overseas procedure.
b. Uninsured patients are seeking cheaper care outside of the US borders.
i. This may be altered by the newly upheld Obamacare mandate, but it is still a huge savings for the patient, if they have out of pocket expenses that would be considered “co-pays”.
c. Foreign hospitals and doctors being better equipped, ranked, staffed, and trained than most American hospitals and medical staff.
i. This should be a wake-up call for their American counterparts, but, in this economic and political climate, it will go unanswered.
2. .
a. The beneficiaries are the patients who can get equitable or better care for less out of pocket expense. The insurance companies also benefit as they will see a cost avoidance by authorizing and covering the treatment. The country will benefit from the additional tourism (from the improved perception) and the added revenues.
b. The losers are the American hospitals. They are suffering lost income, they are losing their reputations, and they are losing potential trained medical staff that may come over for their educations and would have stayed, but instead, they are going back home to work on American patients, taking their earning potential with them. America as whole loses.
3. .
a. The risks are that America will lose everything. We will lose our reputation as a leader in medical care, we will lose trained, qualified medical staff, and we will lose their taxes and contributions to the economy and county as a whole. The hospitals will also suffer from

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