Historical US Healthcare bill

US passes landmark health insurance law, which means US on a par with Europe. Most Americans will now be required to have health insurance or pay a fine. Larger employers will be required to provide coverage or risk financial penalties. The self-employed will get health cover at reasonable costs. Total individual out of pocket expenses will be capped and insurers will be barred from denying coverage based on gender or pre-existing conditions. Let us level power to Americans to decide whether the bill will overhaul the 40 years old healthcare policies of US. However, couple of thoughts on how a bill hit India. Indian IT stands to benefits from US healthcare reforms specially BPOs handling insurance clams says a leading Indian daily. The reforms will bring 32 million poor and emigrant Americans under insurance cover. Insurance firms will look at the outsourcing partners to help them enroll new members and process their call and claim needs. Raising cost pressures will force insurers and hospitals to concentrate only on a few core functions such as benefits and services design, sales and marketing, while outsourcing back-office functions like member database management, claims processing, support services and enrolment processing. This also brings huge opportunities for medical transcription provides as electronic health records (EHRs) implementation is likely to undergo some changes, paper records to electronic ones. Obama already apportioned $37 billion of stimulus funding for this. McKinsey estimates the growth of EHRs would require overall spend of $175 billion over next 10 years. US hospital would need some support to implement this system. It looks like, this Healthcare bill expected to take care of Indian IT sector health also.