Executive Summary
UltimateHealth HMO has identified weak standardization and a lack of actuarial guidance as key factors hindering the growth of health insurance coverage in Nigeria. Lekan Ewenla, the Managing Director and CEO of Ultimate Health HMO, highlighted that the former NHIS Act of 1999's voluntary provisions and fragmented implementation further constrained uptake. Ewenla announced the launch of the Group, Individual and Family Social Health Insurance Programme (GIFSHIP), priced at N38,718 per person annually, to address these gaps. GIFSHIP aims to expand access to affordable healthcare through a clearly defined contributory benefit package regulated by the National Health Insurance Authority (NHIA). The initiative seeks to standardize premiums and operational processes, reducing disputes and ensuring consistent quality of care.
- New health insurance program in Nigeria seeks to address gaps in coverage due to weak standards and fragmented implementation.
What Is Driving The Story?
- Weak standardization in health insurance.
- Lack of actuarial guidance.
- Fragmented implementation of previous NHIS Act.