This research explores the relationship between rising medical care and insurance costs in the U.S. and Americans' consumption of medical care in foreign countries. Economic theory suggests that increases in medical care prices in the U.S. would decrease the quantity of medical goods and services demanded within the country. In recognition of additional factors which uniquely impact the demand for medical care, this research focuses on estimating the frequency of substitution of global medical care for U.S. medical care and understanding whether this practice will become more or less common in the future.
"Medical Tourism: Alternatives to the United States Healthcare System,"
Undergraduate Economic Review:
1, Article 8.
Available at: http://digitalcommons.iwu.edu/uer/vol7/iss1/8