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Rethinking Healthcare Funding: A Call For Sustainable Investment Over Endless Cycles Of Spending

BY Steve Biko Wafula · January 30, 2024 12:01 pm

In a passionate discourse, Dr. Nicholas Ochieng Okumu, a medical professional at the Kenyatta National Hospital, proposes a paradigm shift in healthcare funding.

Under the spotlight is the recently revised healthcare plan from NHIF, which, according to Dr. Okumu, now offers less comprehensive coverage, particularly for pre-existing conditions, and demands higher contributions from the employees’ gross salary.

Dr. Okumu articulates the shortcomings of current healthcare schemes and underscores the need for creating a self-sustaining fund to ensure that healthcare remains accessible to all, including those unable to pay. He suggests establishing a trust, supported by government and donor organization contributions, that could grow over time through prudent investments. This, he argues, would mitigate the risk associated with volatile spending practices.

Read Also: Trends To Shape Kenya And Africa’s Healthcare Sector In 2024

He extends his argument by contending that sustainable investment, rather than increased spending or creating a class of “employed poor” through endless contributions with no guarantee of adequate healthcare, is the key to a robust healthcare system. Drawing on the wisdom shared by Centonomy’s Waihaka Gatuma, Dr. Okumu reinforces the idea that small, consistent investments can lead to wealth creation, which could be a model for healthcare funding.

The doctor’s critique goes beyond financial mechanisms, touching on the leadership’s vision and accountability, which he finds lacking. He challenges the system that he believes ‘hustles’ its employees, stripping them of their dignity with subpar healthcare services despite their significant financial contributions.

In conclusion, Dr. Okumu presents an alternative vision for healthcare funding that relies on investment and growth, rather than unsustainable spending. He calls for a system that empowers individuals, allowing for opting out of contributions if unlimited healthcare coverage cannot be guaranteed, or channeling these contributions towards comprehensive care for employees and their families.

This analytical reflection on Dr. Okumu’s perspective invites the public and policymakers to consider how sustainable investments could revolutionize healthcare funding, ensuring dignity and comprehensive coverage for all citizens.

Read Also: Imagine Health Insurance Cover Where You Only Pay Ksh 6,200 Annually

Steve Biko is the CEO OF Soko Directory and the founder of Hidalgo Group of Companies. Steve is currently developing his career in law, finance, entrepreneurship and digital consultancy; and has been implementing consultancy assignments for client organizations comprising of trainings besides capacity building in entrepreneurial matters. He can be reached on: +254 20 510 1124 or Email: info@sokodirectory.com

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