International business Essays - Economy, Capitalism,

International business Tarhab Motiwala Assignment 1 1. What are the facilitating developments that have allowed health care to start globalizing? ANS: The first major development that has allowed health care to start globalizing is technology. The second major development that has allowed health care to start globalizing is cost of medical care in the U.S. The third major development that has allowed health care to start globalizing is the non-insured and the under-insured. The fourth major development that has allowed health care to start globalizing is the ability to travel. The fifth major development that has allowed health care to start globalizing is the use of education. 2. Who benefits from the globalization of health care? Who are the losers? ANS: The main people that benefit from globalization are a doctor's patients or cliental. The patient or cliental will pay a sufficient amount less for medical care, but receives just as high quality care as they would in the United States. The insurance companies would benefit from globalization of health care because they too would be paying sufficient amount less. The countries would benefit from the globalization of health care because of the money the patients or cliental or tourists are bringing to their country. The losers in the globalization of health care are Unites States' doctors and hospitals because they are losing patients or cliental and money. 3. Are there any risks associated with the globalization of health care? Can these risks be mitigated? How? ANS: Yes, there are risks associated with the globalization of health care. A risk associated with the globalization of health care is the risk of the unknown. As a patient you have questions like the quality of care you will receive the expertise of your doctor and if there will be langue barriers. One way risks associated with the globalization of health care can be mitigated is through the use of the internet. The internet allows you to see things thousands of miles away. This will give the patient familiarity of the hospital and the staff and see commits and reviews of the hospital.