Why it’s Impossible For Government Alone To Fund Healthcare – Osinbajo

Vice-President Yemi Osinbajo has said healthcare funding in the country cannot be handled by only the government.

The vice-president stated this on Thursday at the primary healthcare summit organised by the National Primary Health Care Development Agency (NPHCDA).

The theme of the summit is ‘Re-imagining: Evolving a Resilient Platform for Achieving our National and Global Health Goals in a Peri-COVID Era.’

In his address, Osinbajo said: “In dealing with out-of-pocket expenses, I think we clearly need compulsory health insurance where premiums for certain categories of vulnerable groups are paid by the government,”

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“There’s no way that healthcare funding can be paid by the government budget alone. It is simply impossible. The size of the federal government budget itself is so constrained that there is absolutely no way that we can expect to fund healthcare by just budgets.

“So, healthcare insurance is an important pool of resources for funding healthcare on the scale that will be required for a country of 200 million people or more.”