COMMENTARY ON THE NEW NATIONAL HEALTH INSURANCE AUTHORITY ACT 2022

The signing into law of the National Health Insurance Authority Act by His Excellency, President Muhamadu Buhari indeed a great step towards achieving health insurance in Nigeria.  The new introduction in the Act such as the setting up of, a new fund known as the “Vulnerable Group Fund” which is expected to ensure coverage for over 83million poor Nigerians who cannot afford to pay health insurance premium. The fund is expected to be funded by the Basic Health Care Provision Fund due to the newly established Authority, Health Insurance Levy, Special intervention Fund and any investment proceeds, donations and gifts to the Authority.

It is expected that the newly constituted Authority will ensure the effective management of the funds raised under the scheme to avoid all the issues that was encountered under the NHIS.

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