Protecting Healthcare Data and Ensuring Affordable Healthcare for Americans Abroad: The Role of Blockchain and Cryptocurrency in a Secure and Accessible Global Healthcare System

Abstract

This article examines the potential that innovations like blockchain and cryptocurrency possess in to change healthcare access for the Americans that are living abroad. It conducts a thorough analysis into the challenges that plague expatriates, including having to go through unfamiliar healthcare systems, manage international insurance, guarantee data privacy and afford cross-border payments. The study also analyses how blockchain, through its secure decentralized and immutable ledger system, can secure health data with the use of decentralized, tamper-proof electronic health records. It investigates the role that cryptocurrency plays in the reduction of transaction costs, streamlining of payments and the improvement of transparency in cross-border healthcare payments. This article also analyses how the use of stablecoins and government-backed digital currencies can reduce the volatility risks that is the feature of cryptocurrencies. The study also describes the benefits and challenges of blockchain and cryptocurrency that affect the potential of these technologies to create a global healthcare system for American expatriates that is more secure, accessible and affordable. The article makes acknowledgement of the challenges and limitations that plague these technologies like scalability, regulatory hurdles and the need for more awareness and adoption. The article concludes by pointing out the need for further research, development and collaboration among stakeholders to fully make use of the potential of blockchain and cryptocurrency in resolving the unique healthcare needs of Americans abroad.

Keywords: Blockchain, Cryptocurrency, Healthcare, Americans Abroad, Expatriates, Data Security, Cross-border Payments, Health Information Exchange, HIPAA, Healthcare Data Privacy, Blockchain in Healthcare, Cryptocurrencies for Healthcare Payments, Affordable Healthcare, Blockchain-Driven Insurance