Test for Information Asymmetry Problems in Nigeria National Health Insurance Scheme
Student: Amarachi Grace Augustine (Project, 2025)
Department of Insurance and Actuarial Science
University of Benin, Benin City, Edo State
Abstract
This study tests for information asymmetry problems in Nigeria national health insurance scheme (NHIS). The study focused on two states in Nigeria. To this end we distributed well-designed and structured questionnaires to participants in the scheme in Ogun and Edo state. Test statistics technique was adopted and it was discovered that there is significant proof of the existence of moral hazard in Nigeria’s NHIS and that adverse selection also significantly plagues the NHIS in Nigeria. We recommend that for Nigeria’s NHIS to be able to effectively and efficiently carry out its main purpose of health care affordability and accessibility; to citizens of the country, there is need for efficient flow of information between the participants in the scheme and the regulators of the scheme. Absence of the flow of correct and detailed information between the scheme participants and the managers or regulators of the scheme will defeat the purpose of establishing the scheme.
Keywords
For the full publication, please contact the author directly at: amarachiaugustine4@gmail.com
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Institutions
- Covenant Polytechnic, Aba, Abia State 1
- Covenant University, Canaan Land, Ota, Ogun State 4
- Crawford University of Apostolic Faith Mission Faith City, Igbesa, Ogun State 2
- Crescent University, Abeokuta, Ogun State 1
- Cross Rivers University of Technology, Calabar, Cross Rivers State 142
- Delta State Polytechnic, Ogwashi-Uku, Delta State 11
- Delta State Polytechnic, Otefe, Delta State 12
- Delta State University, Abraka, Delta State 139
- Ebonyi State University, Abakaliki, Ebonyi State 17
- Edo University, Iyamho, Edo State 10