UNICEF Calls For Unified Action On Universal Health Coverage Challenges

By Reporters The UN Children’s Fund (UNICEF) has urged stakeholders to intensify efforts in tackling the systemic challenges hindering the achievement of universal health coverage. Dr Ijeoma Agbo, UNICEF Health Specialist, made this plea during a two-day media dialogue held in Ibadan. The event, themed “Changing the Narrative on Child Mortality through Health Insurance,” was organized by UNICEF in partnership with the Oyo State Health Insurance Scheme (OYSHIA). Agbo, addressing the gathering on “Access to Health Insurance as a Way to Achieve Universal Health Coverage for all in Nigeria,” emphasized the financial protection health insurance provides by alleviating the burden…Continue Reading

Life insurance market sees revenue dip by 2% to US$14bn in 2023

Life insurance revenue in Indonesia reached IDR219.70tn ($14bn) in 2023, dipping by 2% compared to IDR224.09tn in 2022, according to the Indonesian Life Insurance Association (AAJI). AAJI chairman Budi Tampubolon said, “The general decrease in total revenue was due to a fall in the premium income component which was recorded at negative 7.1%.” Life insurance premium income was recorded at IDR177.66tn in 2023. Other components of total revenue, namely, investment returns, recorded a positive figure of IDR32.03tn in 2023, representing a jump of 46.2% compared to 2022, reported Antara News Agency quoting data from AAJI. “Improving the investment climate and…Continue Reading

Mount Sinai and UnitedHealthcare Reach Insurance Deal

After months of stalled contract negotiations, Mount Sinai Health System, a leading New York City hospital system, and the health insurance giant UnitedHealthcare announced a deal on Tuesday that will keep Mount Sinai’s hospitals and doctors in the network. The deal was announced just days before Mount Sinai-affiliated doctors were due to be removed from UnitedHealthcare’s network, which would have forced tens of thousands of New Yorkers to switch doctors or risk paying out-of-network prices. Mount Sinai’s hospitals had already been removed from in-network coverage. “UnitedHealthcare and Mount Sinai Health System have agreed to a new multiyear contract that restores…Continue Reading