Nigerians are facing rising health insurance premiums as hospitals across the country increase service charges, according to experts in Nigeria’s Health Sector. They emphasize that this trend could continue into the New Year, as the cost of healthcare services climbs to levels that many citizens find increasingly difficult to afford.
The surge in premiums is primarily attributed to high inflation, escalating medical expenses, and the rising cost of drugs and hospital services. As hospitals raise prices for procedures, treatments, and operational labour, health insurers pass these costs on to policyholders, resulting in higher premiums for individual and family health insurance packages.
Patients who spoke with LEADERSHIP confirmed that healthcare is gradually becoming less accessible, with rising service fees affecting routine care and emergency treatment. One patient noted, “Even basic consultations are costing more than before, and it’s getting harder to maintain insurance coverage.”
Challenges with affordable packages
While some insurers still offer pocket-friendly individual and family packages, investigations reveal that these lower-cost plans often come with significant trade-offs. Patients frequently experience delays in accessing services, and there are concerns about the quality of drugs and treatments provided under these packages. This creates a situation where affordability comes at the expense of convenience and quality.
Industry analysts warn that the combination of rising hospital fees and inflationary pressures could widen healthcare inequality, leaving many Nigerians with limited access to quality medical services. They urge both the government and insurance regulators to consider policies that can mitigate cost spikes and ensure broader access to healthcare.
Outlook for 2026
With inflation expected to remain a concern and medical costs likely to continue rising, experts anticipate further increases in health insurance premiums in the coming year. Consumers are advised to review their insurance policies carefully, while insurers may need to explore innovative models that balance cost, quality, and access to healthcare services.
