NHIF is broke and it may not meet it’s Obligations.
The National Health Insurance Fund is broke and may not meet its obligations if the negative financial performance is not dealt with.
A new report by Auditor General Nancy Gathungu shows the national health insurer has a funding gap of over Sh3.6 billion.
The fund’s performance has dropped compared with the financial year 2017-18 when it earned an extra Sh295 million.
“The fund’s performance is on a downward trend and if strategies are not in place to reverse the trend, the fund is likely to experience financial difficulties in future,” Gathungu warned.
The deficit resulted in a reduction of the fund’s earnings from Sh23 billion it posted in the year ending June 2018 to Sh19 billion in the year ending June 30, 2019.
NHIF’s performance has been a cause of concern for man...