Health Insurance Made Easy debuts
Citing his bid to fill the knowledge gaps because the practice of health insurance and managed care is a process of ensuring universal health coverage, Bimbo Banjoko a Chartered Insurer, has written a one hundred and sixty six (166) paged book titled “Health Insurance Made Easy.”
Banjoko maintained that funding is critical to any effective healthcare system and this usually borders on what contribution/premium is to be charged, what method of aggregating or clustering contributors, processes and means of providing the required care.
Joined with his reason for writing the book too is the need to remove abuses and arbitrariness in bills and medical charges by providers who already provide care on retainership basis to employers and employees, risk management processes of transferring healthcare risks to third parties, either to the insurer, Health Maintenance Organization (HMO), Mutual Health Association or Non-Governmental Organizations.
Banjoko, who is the Managing Director of Expatcare Health Limited, a HMO, explained that this was what led him to a private research in 1990 and the eventual practice of health insurance operations as a HMO in 1997.
He co-pioneered Clearline Int. Ltd (HMO) in 1997, and served on the Council of the National Health Insurance Scheme (NHIS) from 2009 to 2011.
The Expatcare Health Limited boss giving reasons for writing the book said, “This book is put together for ‘students’ of healthcare finance, health insurance and managed care for effective operations and modeling of contracts because managed care practice brings with it prospects of litigation, need for actuarial valuations and appropriate pricing mechanism.
Moreover, “this is a new class of business and process of funding healthcare in Nigeria and its knowledge base has to be developed if universal health coverage is to be achieved rapidly with minimal failures and a guarantee of infinite continuity of appropriate healthcare funding system.”
She added. Banjoko did his ‘O’ Levels at St. Gregory’s College, Obalende and ‘A’ Levels at Federal Government College, Odogbolu, Ogun State and Federal Government College, Ilorin.
He studied for the Associateship of the Chartered Insurance Institute of London (ACII) at Glasgow Caledonian University (former Glasgow College of Technology), Scotland. He is also an associate of the Chartered Insurance Institute of Nigeria.
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