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YOUR NAME HERE YOUR TUTOR HERE COURSE HERE DATE HERE The Health Tourism Industry The health tourism industry is a booming business opportunity, most noticeably abroad in Asia and Europe. Billions of dollars of revenue are spent by consumers that are looking for more affordable health care than that of their current, domestic health system.
The American health care system needs correction or individuals would not be seeking medical procedures outside of their home country. There are many in the United States that believe the health care system is first class and unparalleled in its efficiency. The main crisis in relation to fixing this problem is that “most American decision makers are in a state of denial” (Choudhary and Bhatia 1). Growing costs of obtaining medical insurance and inflated pricing on medical procedures are inter-twined in the medical system in its current condition. This is due to rising costs within the medical supply chain and also to satisfy profit objectives by major insurance carriers with expensive operational models. With all of these rising costs and with governmental denial about the efficiency and sustainability of the American health care system, it is no wonder that foreign health tourism seems to be a favorable alternative to domestic health care provision. A startling number of baby boomers, individuals in the general retirement age, will be traveling overseas to have a variety of medical procedures conducted. It is estimated that 600,000 will participate in this industry by the end of this year (Akitunde 1). ...
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