#EmergingTrends in Business - Health Care Financing

<p><strong>Summary of Key Lessons</strong></p><ol><li>FALLIBILITY. You are human. Recognize your human fallibility.</li><li>HEALTHCARE SPEND. As we grow older, we spend more on healthcare; half of our healthcare spend is in our older years.</li><li>PROACTIVENESS. Women tend to report healthcare issues earlier than men. They may therefore spend more, but they often have a higher life expectancy.</li><li>RESPECT THE SCIENCE. If you choose to ignore the science, you increase your risks and the healthcare implications.</li><li>KNOW YOUR OPTIONS. Knowing all your options in every situation makes things easier. And this also applies to healthcare.</li><li>COVID-19 IMPROVEMENT. COVID-19 has increased our awareness, brought us closer to the healthcare system and improved the quality of facilities.</li><li>CHECK UPS. Assess the state of your health every year. Identify and deal with health issues before they become serious.</li><li>HEALTH FINANCING. Healthcare financing options include fee for service, family contributions, workplace support, social health insurance (NHIS) and private health insurance. Belonging to the NHIS is mandatory. It’s not optional.</li><li>CHOOSING A PROVIDER. In choosing a private insurance provider, check first that they are licensed, then speak to health service providers (HSPs) to confirm their credibility and payment history, check their financial strength and technical capacity.</li><li>HEALTHCARE DEMANDS. The average individual in Ghana 🇬🇭 has four healthcare encounters in a year. Most people who take up policies, therefore, end up making claims.</li></ol>