Clafiya launches HSAs to accelerate the future of healthcare financing in Africa
- Out-of-pocket payments account for about 77% of total healthcare expenditure in Nigeria.
- In Kenya, out-of-pocket healthcare costs represent approximately 40% of total healthcare spending.
- Healthcare impoverishment is prevalent in Namibia, South Africa, and Botswana, pushing households into poverty.
The rising out-of-pocket healthcare costs in Africa highlight a critical need for innovative financial solutions like HSAs. While Clafiya's initiative is a step in the right direction, it is essential for governments and stakeholders to address the underlying issues of healthcare funding and access to ensure sustainable improvements in health outcomes across the continent.
