Philippine BPO Industry to Gain from Obamacare

On October 29, 2012, in Outsourcing, by Business Development Group
The new US law aims to enable an additional 30 million Americans to obtain health insurance, requiring US health insurers to manage and process millions of new policies and claims.

The new US law aims to enable an additional 30 million Americans to obtain health insurance, requiring US health insurers to manage and process millions of new policies and claims.

According to House Deputy Majority Leader and Pasig Rep. Roman Romulo, the Philippine BPO industry is expected to gain from the U.S. Patient Protection and Affordable Care Act or “Obamacare” as the increased demand for service will pave the way for the opening of more outsourcing firms in the country.

The new US law aims to enable an additional 30 million Americans to obtain health insurance, requiring U.S. health insurers to manage and process millions of new policies and claims.

“We have high hopes that Obamacare will drive new demand for health insurance-related business support services that may be readily provided by BPO firms in the Philippines,” Romulo said. “This will surely translate to increased business opportunities for BPO firms in the Philippines, particularly those providing back office services to US-based insurers and healthcare facilities.”

Related Article: Obamacare a blessing to PHL’s BPO industry

To aid the expansion of health insurance coverage in the US, Obamacare will be providing subsidies and tax credits to American employers and individuals and will also mandate reforms to simplify and cut down the cost of healthcare in America.

“With a greater number of Americans enjoying health insurance, US hospitals, clinics and outpatient service providers will have to look after more patients,” Romulo said.

Related Article: Obamacare a blessing to Phl BPO industry – lawmaker

Romulo cited several healthcare business support services as potential beneficiaries of Obamacare: claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy serving, and medical transcription.

Romulo is author of the new Data Privacy Act of the Philippines which mandates all entities to protect the confidentiality of personal data in compliance with international standards of data privacy protection. The new law is expected to boost foreign investors’ confidence and help boost the Philippine BPO industry.

Related Article: Philippine BPO Sector to Benefit from Signed Data Privacy Act

 

 Casey Answers to Outsourcing Questions!

Meet outsourcing Casey!

 

1 Response » to “Philippine BPO Industry to Gain from Obamacare”

  1. jinn says:

    Philippines-call center capital of the world http://www.aicomsolutions.com/?news=october-2011-philippines-surpasses-india-in-call-center-usa-today-article

Leave a Reply

Free WordPress Theme



Free WordPress Theme