Chapteer. 1
Chapteer. 1
1.0. INTRODUCTION
The World Health Organization healthcare industry is in trouble
(Weisbart, 2015). According to the Institute of Medicine of the
National Academy of Science (2012), the United States and some
Africa countries “Nigeria “are the only industrialized nation that does
not have a universal healthcare system. Adults in the Nigerian are
more likely to forgo care because of cost even when they carry
health insurance (Ansar, Johansson, Vásquez, Schulze, & Vaughn,
2017; Henrikson, hang, Ulrich, King, & Anderson, 2017; Zachary et
al., 2016).
Healthcare quality satisfaction remains very low even for people who
have access to health services (Ansar et al., 2017; Zachary et al.,
2016). Further, healthcare quality often affects safety because
if quality goes down, safety will go down as well (Kennedy,
Nordrum, Edwards, Caselli, & Berry, 2015). The lack of care
coordination, efficiency, and patient-centeredness that influences
quality issues may frighten patients, compounding their reluctance to
seek healthcare services (Thomas, Zachary, Helen, & Barbara, 2016).
Patients with one or more chronic and mostly preventable diseases
spend more than 75% of all healthcare due to the rate of getting it
( Maddox, Beaulieu, Wild, & Jha, 2017).
The pricing of healthcare products and services in the Nigeria. is
notoriously complex and expensive and In the healthcare industry,
supply costs are very different from market prices (Danzon, Mulcahy,
& Towse, 2015).In designing the benefit, the insurance provider
decides what prices patients pay out-of-pocket for drugs and other
product.
Governments cannot afford to provide unlimited benefits for its
citizens by shifting the costs to future taxpayers (Sandelowski, 2015;
Sisko et al., 2014). Very few individuals can afford to pay for their
healthcare in case of a significant injury or illness (Guemmegne,
Kengwoung-Keumo, Tabatabai, & Singh, 2014). Healthcare
insurance providers continuously seek to control their risk by
excluding high-risk patients and restricting covered benefits
(Guemmegne et al., 2014).
The U.S. Congressional Budget Office (CBO) and several researchers
have rojected that healthcare’s share of the GDP will double from
15.2% in 2007 to 31% by 2035, will continue to grow steadily to 37%
by 2050, and will reach 46% of the total economy by 2080 (Hatfield,
Favreault, McGuire, & Chernew, 2016; Keehan et al., 2015; Sisko et
al., 2014).