Universal Health 2030 Solving Complex Health System Problems
June 2019 Business Daily;The listed firm says the move will lower the cost of treatment, encourage insurers to lower medical cover premiums as well as seeing more underwriters introduce medical covers. “Improving access to medical cover is one of the government’s Big Four pillars that can best be addressed by …
Read More »KENYA:Medical claims raise payout by Sh1bn
2018 October BusinessDaily;Claims in the medical, motor private and motor commercial segments of general insurance rose nearly Sh1 billion to raise overall claims insurers incurred 2.03 per cent during the second quarter. Insurance Regulatory Authority (IRA) industry release for Q2 2018 shows that claims amounted to Sh29.20 billion up from …
Read More »USA:Oscar Health expects to generate $1 billion in revenue and sign up 250,000 members in 2018
December 2017 Yahoonews; Despite repeal of the Affordable Care Act’s individual mandate this week, health insurance startup Oscar Health expects to gain to pull in nearly $1 billion in revenue and enroll a quarter of a million members in 2018. That’s quite a feat for the insurance company meant for …
Read More »KENYA:Senior police and prison officers reap big from new NHIF medical cover terms
November 2017 Standardmedia; Senior security officers are the biggest winners in the new National Hospital Insurance Fund’s (NHIF) comprehensive medical cover. The National Police Service (NPS) and the Kenya Prisons Service reverted to NHIF but with revised terms that suits the medical needs of more than 150,000 officers after failing to …
Read More »KENYA: Half of Kenya’s medical insurers post 2016 losses
September 2017 Businessdaily; More than half of Kenya’s 32 medical insurance firms recorded losses totalling Sh621.64 million last year due to the high cost of healthcare and undercutting of premiums by some insurers, data by the industry regulator showed. The Insurance Regulatory Authority (IRA) said 20 out of 32 medical …
Read More »KENYA: NHIF, Dutch-backed M-Tiba to offer slum residents Supa Cover
April 2017 Businessdaily; The National Hospital Insurance Fund (NHIF) has entered into a partnership with PharmAccess Foundation to enable more than 2,000 families living in Nairobi slums access NHIF Supa Cover through M-Tiba platform. M-Tiba, a mobile phone health wallet solution is a Dutch platform developed by CarePay in partnership …
Read More »KENYA: Kidney crisis emerges as dialysis tops NHIF claims
April 2017 BusinessDaily; The National Hospital Insurance Fund (NHIF) payouts for dialysis is the single largest claims, highlighting the growing cases of kidney ailments among Kenyans. Official records indicate that the State-owned insurer paid hospitals Sh839.9 million in the six months to December, up from Sh139.8 million in a similar …
Read More »KENYA: Healthcare app M-Tiba pays out Sh100m in insurance claims
April 2017 BusinessDaily; Safaricom’s healthcare app M-TIBA has paid out Sh100 million to 350 healthcare facilities in the past seven months, helping to increase access to health services. CarePay and PharmAccess, who are the telco’s partners in the platform, said it had registered 500,000 users and its officials had made …
Read More »KENYA: State insurer pays out Sh1bn for C-section deliveries
April 2017 BusinessDaily; The National Hospital Insurance Fund’s (NHIF) payouts for Caesarean-section operations have for the first time crossed the Sh1 billion mark in a year, highlighting the cost burden of the procedure to insurers. Official records show that 24,492 mothers opted for C-section — a surgical operation to help deliver …
Read More »KENYA:Medical insurers cry foul over huge hospital bills
April 2017 Standardnewspaper; Insurance providers in the medical field have raised alarm over huge losses they incur due to rising cost of claims by health providers. They say high medical bills are eating into their underwriting profits. According to figures from Insurance Regulatory Authority (IRA), the sub-sector has for the fourth time …
Read More »