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‘Inflation increasing cost of healthcare’

AXA Mansard Health, a subsidiary of AXA Mansard Insurance Plc has said the inflationary trend in the country has increased the cost of healthcare delivery.…

AXA Mansard Health, a subsidiary of AXA Mansard Insurance Plc has said the inflationary trend in the country has increased the cost of healthcare delivery.

CEO of Axa Mansard Health, Tope Adeniyi, stated this in a chat with journalists. He said the economic environment has been very challenging.

He said, “The economic environment has really been challenging and as the biggest player in the Health Insurance space, we are probably the most impacted.

“As inflation was growing, the cost of care was rising with it. But rather than reneging on our commitment to customers like most providers are doing, we decided to stay true to our words and our value customer-first, even when this commitment comes at a cost to us”.

He expressed the commitment of the firm to the health and wellbeing of its customers, saying the subsidiary has witnessed unprecedented growth in the past seven years because of its focus on customers, investment in technology and quality healthcare delivery.

He added that in the face of growing uncertainties in the market, AXA Mansard Health will remain committed to its customers.

He said, “We now sitting down with our customers to review the situation and because of the sacrifices we have made on their behalf, the conversation around pricing services has been much more fruitful. We expect to start seeing the impact of these discussions from Q4, 2022.”