Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

South Korea is trying to position itself as the destination of choice for medical tourists.  Dr. Won Jin Park does cosmetic surgery in South Korea at prices 30% cheaper than in Japan or the U.S. While South Korea’had about  60,000 medical tourism patients last year, Thailand had 1.5 million patients during the same period.

Questions:

1. Research medical tourism.  How did this trend start? What countries, other than the two mentioned in the video are major medical tourism countries? What is the advantage to the countries?

2. Research medical tourism.  What are the most common procedures that people travel to different contries to have performed? Discuss the benefits and costs of this trend for the patients.

3.  Would you consider traveling to another country for a medical procedure?  Why or why not?

Source:

CNN.com (2010). South Korea Markets Cosmetic Surgery, November 10 (Retrievable online at www.cnn.com)