Why medical insurers should tighten checks on hospitals
Friday, June 26, 2020 0:01
By GEORGE BODO
The Nairobi Hospital.
FILE PHOTO | NMG
The recent row between Nairobi Hospital and medical insurer Jubilee once again brings to the fore a simmering but less talked about issue: medical inflation.
It is no doubt that medical insurance companies in Kenya will eternally fund hospitals, and specifically private ones.
Yet, for medical insurance companies, it continues to bleed money due to the high claims incurrence (incurred claims ratio on the medical business stood at 74 percent in 2019, which was the second largest).
But even as I advise medical insurers to take control of the service arrangements, they must also strive to put own houses in order; and there are a number of strategies they should employ.
