Question

Article Summary Agrowing number of U.S. citizens are going to other countries for elective surgery procedures. Improved quality and significant cost savings abroad have attracted an increasing number of what are being referred to as American medical tourists, especially those who either do not have insurance or whose insurance does not cover the desired procedure. As few as five years ago, Americans tended to travel to countries such as Thailand or Mexico for the procedures, but many are now choosing to go to Europe, where governments and hospitals are now publicizing these services. Many of the procedures being done overseas are joint replacement, and partly in response to the number of patients going abroad for these procedures, programs are being developed to reduce the cost of these surgeries in the United States. Source: Elizabeth Rosenthal, "The Growing Popularity of Having Surgery Overseas," New York Times, August 6, 2013. QUESTION: Refer to the Article Summary. If European governments and hospitals continue to publicize their existing services to American medical tourists and more Americans consider joint-replacement surgery to improve their quality of life, what will happen in the American market for joint- replacement surgery as a result of these two factors? Briefly describe whether supply and/or demand will shift, and what happen to price and quantity after the shift.

Answer 1

Answer: Given, Article about United States citizens • If European governments and hospitals continue to publicize their existing services, other changes in American market for joint seplacement surgery of a result of these a factors is: → Due to the above two factors, market of joint replacement Surgery will grow. • This growlh will not only be in European market bat also in USA of the government of USA has also started to reduce the cost of these surgeries. to roll out plans Though, the growth of this market in European countries will be higher than the growth in USA · · The growing noof american medical touriste tend to be

People who do not have insurance or whose insurance does not ade wately cover the procedure they need. Their destination often depends on their cultural ties, mr. del heit said. · Spanish - speaking patients might favour Latin America, for @gcample , he said. - o -