House of Representatives Urges Urgent Review of NHIS Medicine Price List Amid Rising Costs

House of Representatives Urges Urgent Review of NHIS Medicine Price List Amid Rising Costs

The Underwriter

The House of Representatives has urged its relevant committees to collaborate with the Federal Ministry of Health and the National Health Insurance Authority (NHIA) to review the current price list for medicines and healthcare services under the National Health Insurance Scheme (NHIS). This call follows a motion of national public importance sponsored by Professors Paul Nramchi and Julius Ihonvbere, highlighting the need for a price review given Nigeria’s present economic challenges.

Also read:
African Alliance Pensioners Await Unpaid Benefits as NAICOM Battles Legacy Challenges
PenCom Approves Merger of ARM Pension Managers and Access Pensions to Form Access ARM Pensions Limited
NAICOM Enforces 10-Year Tenure Limit, Universal Insurance CEO Exits

According to the lawmakers, the NHIS, established by Act 35 of 2022, plays a critical role in providing affordable, essential healthcare services and medicines to Nigerians, particularly to vulnerable and marginalized groups. However, the Enugu representative noted that rising inflation and living costs, compounded by a significant shift in the exchange rate from NGN 400-420 per USD in 2021 to NGN 1,594.34 per USD in 2024, have made the current medicines price list outdated and unaffordable for many.

The legislators expressed concern that without an urgent review, many Nigerians will continue to face difficulties in accessing essential medications, which could worsen health outcomes and increase the strain on the healthcare system. They called for immediate action to ensure the NHIS continues to fulfill its mandate of providing quality healthcare services to Nigerians in light of the ongoing economic hardship.

Leave a Comment

Your email address will not be published. Required fields are marked *

Discover more from Transparent Protection Ltd/Gte

Subscribe now to keep reading and get access to the full archive.

Continue reading

Scroll to Top

SUBSCRIBE HERE!

Enter your email address to subscribe to this blog and receive notifications of new Insurance News Beat by email.