Globalization Of The U.s. Healthcare Industry Essay examples

1897 Words May 8th, 2016 null Page
Introduction To remain profitable in today’s competitive environment, organizations must seek out ways to increase their domain; globalization has become a popular and successful means of doing this. Globalization allows companies to buy and sell goods across international borders as well as establish operations in foreign countries (Hill, 2014, p. 5). Not only does this process allow countries to capitalize on their specific strengths and decrease their production costs by purchasing cheaper inputs, but also gives organizations, as well as consumers, a wider variety of products and services to choose from. Globalization can be seen in a number of markets by a number of organizations. Nike Inc., for example, purchases all of its inputs and finished products from independent, international firms in countries with cheaper wages, which allows them to enjoy a higher profit to cost ratio (Jensen, 2009). One industry experiencing an increase in globalization is that of healthcare. This paper sets out to examine the trend of globalization in the U.S. healthcare industry as well as the potential impact of universal healthcare on this trend.
A decade ago, the idea that medical procedures might move offshore was unthinkable. Today it is a reality. What trends have facilitated this process? Is the globalization of health care good or bad for the American economy? There are a number of elements that have facilitated the rise in globalization of healthcare. The General Agreement…

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