Enhancing Universal Health Coverage in Nigeria
Healthnomics HMO is dedicated to bridging the healthcare gap in Nigeria through innovative solutions, anchored on cutting-edge technology and focused on Diaspora Nigerians supporting expansion of coverage and strategic purchasing for Universal Health Coverage (UHC). By leveraging the power of technology in health insurance, Healthnomics is assisting Nigerians in the Diaspora to contribute to health insurance coverage in Nigeria. Aimed at ensuring that everyone can access quality and affordable healthcare without facing undue financial difficulties, Universal Health Coverage (UHC) represents a key priority within Goal 3 of the United Nations’ Sustainable Development Goals (SDGs) for 2030.
Despite the introduction of the formal sector health insurance program in Nigeria over two decades ago, recent data from the National Health Insurance Authority (NHIA) reveals that only 9% of Nigerians have any form of health insurance. This leaves more than 90% of the population — 9 out of every 10 people — uninsured and vulnerable to catastrophic healthcare costs.
Health insurance plays a critical role in reducing individual and household healthcare expenses by providing financial risk protection, decreasing out-of-pocket spending, and expanding access to essential medical services.
A study published in the Journal of Health Economics reported that extending health insurance coverage to low-income adults lowered their out-of-pocket healthcare costs by 30–40 percent.
Nigerians in the Diaspora can leverage the power of Health Maintenance Organizations (HMOs) in reducing healthcare costs to make a significant impact on health insurance coverage in Nigeria through targeted financial contributions. By remitting premiums for individuals, families, or communities of their choosing, those in the Diaspora can increase the number of insured Nigerians, support their continuity of care, boost personal/family health, and improve well-being across communities.
Committed to advancing Nigeria’s UHC objectives, Healthnomics HMO Plc offers a range of solutions, including the formal sector social health insurance programs, community-based schemes, and a set of tailored private health plans for individuals and families. To better actualize this mission, Healthnomics HMO has introduced a Healthnomics Diaspora Health Plan, a secure and efficient payment solution to optimize healthcare premium remittances to care for individuals and families in Nigeria.
For more information, please feel free to reach out to us.
