Concepts and Prospects of Social Health Insurance in Nigeria |Biomedgrid

In the sphere of health, social security is critical for people's and society's well-being. It is seen as a fundamental human right, and its implementation helps to achieve the Millennium Development Goals. One of the conceivable organizational systems for obtaining and pooling funds to finance health care is social health insurance. It increases access to health care by reducing catastrophic health expenses and pooling funds to allow cross-subsidization between the wealthy and the poor, as well as between the healthy and the sick. The social health insurance component of Nigeria's national health insurance program is designed to cover both the formal and informal sectors. Only 5% of the population is covered by the formal sector plan at the moment. Because of its diversity, establishing informal sector plans has been difficult. A survey of relevant literature was used to conduct this study. Using PubMed, Science Direct, Google Scholar, and Google Search, a comprehensive electronic literature search was conducted with search terms that included, but were not limited to, health insurance in Nigeria, social health insurance in Nigeria, health care financing in Nigeria, and public health financing. References cited in pertinent articles and reports led to the discovery of more publications. We only looked at papers that were written in English. There were no date constraints on the searches. On the one side, social health insurance pools people's health risks, while on the other, contributions from individuals, households, businesses, and the government are pooled. As a result, it protects people against financial and health risks while also being a generally equitable manner of paying health care. Overall, it is critical to maintain and improve a social health insurance system in Nigeria in order to provide inexpensive health care to the entire population. This would significantly cut out-of-pocket spending and improve risk sharing across income categories, age groups, people with varying health statuses, and those living in different geographic areas.