SHOULD YOU CARE ABOUT RISING HOSPITALIZATION COST IN NIGERIA

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SHOULD YOU IGNORE THE REAL INFLATION

It’s just another regular weekday. You get up in the morning, grab a cup of coffee and then head out to work. On the way, you discover that petrol prices have increased by 50 Naira and you let out a deep sigh. You then realize that the prices of beans have also risen by 200 Naira, which frustrates you further. Now just imagine, if you were to be told that you need to undergo urgent surgery (a literal matter of life and death for you) and the cost of the procedure is 500,000 Naira. To make things worse, you don’t even have medical insurance! Now what?

Suddenly inflation of commodities of daily needs seems less daunting, isn’t it? The point is not to make light of inflation or everyday challenges of money management but to elicit a decisive response in light of the seriousness of the matter in hand.

In these times of rising medical costs and high inflation, you need a reliable healthcare insurance provider. An insurance policy that gives you the protection you need from unforeseen events and sudden medical expenses. Find out how little you need to spend. Click below to calculate premium.

According to a recent report from Nairamatrics  and Trading Economics, Nigeria’s Healthcare cost gallop past 17%- the highest rate of medical inflation on record and annual inflation rate 16.63% in September of 2021. Gone are the days when quality healthcare was affordable in Nigeria. Today, the cost of a medical procedure goes has increase. Here are some figures for the average cost for certain medical treatments that will make you sit up and pay notice to current day scenario.

Caeserean Section in Abuja – 400,000 – 750,000 Naira

Appendectomy – 300,000 – 500,000 Naira

Myomectomy – 450,000 – 750,000 Naira

Adenotonsilectomy – 300,000 – 450,000 Naira

CAN THERE BE SOMETHING MORE WORRISOME?

According to a research work, one in seven people above the age of 35 suffer from a lifestyle disease. These include cardiac problems, diabetes or even high cholesterol and hypertension. These often escalate due to poor lifestyle and diet habits. Battling such diseases often mean a huge expense and a serious dent in your savings.

TIMES ARE CHANGING

Time are changing, many patients are now being treated in major cities, which opens up a huge scope of investment for many healthcare providers. That’s exactly what some of the leading hospital chains are doing by setting up medical centers in cities to tap into this market. They have realized that a large part of Nigeria’s growing income and aspirations lie in these markets. 

STAY PROTECTED SHOULD BE YOUR NEXT PLAN

Our bodies possess a cache of secret artillery called antibodies that are released on the event of foreign invasion. Likewise, we also need to be prepared for any medical contingencies by means of medical care insurance.

HOW DOES HEALTH INSURANCE HELP?

LIFESTYLE DISEASES ON THE RISE

Lifestyle diseases such as diabetes, heart problems, and hypertension are striking at a younger age. Busy work life, lack of exercise and unhealthy diet are taking a toll on our health. While certain aspects of lifestyle are within our control and others are beyond, what is required is a solution – that’s why one needs buy health insurance early.

PRE AND POST HOSPITALIZATION EXPENSES

The worry typically is not limited to the cost of hospitalization but extends to the pre and post-hospitalization stages as well. These comprise several investigation, scans, and out of patient disease expenses. Most health insurers cover all your expenses  before and after your treatment but please do read the product brochure carefully before you buy a health insurance plan.

COVERS YOUR MEDICAL EXPENSES

Health insurance can help you to plan your treatment and expenses in times of medical challenges. Instead of using your hard-earned savings, the insurer can cover requirements such as in-hospitalization expenses, day care treatment, etc.

A SURETY IN TIMES OF CHALLENGES

Ours is one of the most adulterated of all eras in history. Despite our best efforts to stay healthy, lifestyle diseases are on the rise. After all, what can one expect with the introduction of Genetically Modified food and geoengineering? Therefore, getting ourselves medically insured is in our best interest in case an emergency arises in the future.

SO, HOW DO YOU GET STARTED?

Right here, right now. You can cover your family’s health insurance right now by just a click. It’s easy on the pocket and good for health as well.


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