It just came to my mind that business is somewhat similar to a see-saw. One side of the see-saw is down while the other is up. One person takes advantage of the other person’s misery. When you buy, a seller profits even though you benefited from the seller because you got what you need or solved your problem, but he (I mean the seller) got away with your money. The example I cited is just an exaggerated illustration, no offense meant. On what was happening in the U.S. of A., many outsourcing companies have already benefited from it because of lower labor cost involved.
And now, it’s not only the BPO’s but also the health care sector because industrialized countries like the U.S. and parts of Europe have an unaffordable rates for ordinary people. According to the news from The Philippine Star, US crisis a boon to RP medical tourism, as I quote:
One of the speakers at the summit, Scott A. Edelstein of Squire, Sanders and Dempsey, a healthcare law expert with international consultancy practice, said the US economic crisis may actually spell huge gains for the Philippine economy through medical tourism.
Such a trend is happening today. According to statistics gathered from AP/Post Intelligencer and Deloitte Center for Health Solutions, around 1,000 US citizens traveled abroad to get healthcare in 2007. It is projected that by year 2010, as many as 6,000 US citizens would be traveling abroad each year to get medical care.
In his presentation, Edelstein noted that healthcare costs in the United States have become unaffordable for most US employers and workers. “Today, 50 million Americans are uninsured, 30 million more are underinsured — that is, they have insurance but it is not adequate for their needs,” said Edelstein.
Without insurance, millions of Americans simply can no longer afford to get the treatment they need in the United States. This is why these millions of US citizens will be looking at getting their medical treatments abroad; going overseas and spending dollars in the process in countries that are able to provide quality, safe and affordable health care.
Posted by Manuel
Manuel Montala was an online entrepreneur who enjoys blogging about entrepreneurship and gathering information for his blog to help budding entrepreneurs. You can also reach him on twitter: http://twitter.com/mmontala
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