The HFI team hopes everyone is having a great summer. If you need some insightful summer reading, check out our latest blog on how wellness-linked insurance can incentivize healthy living:
Non-communicable diseases (NCDs) are not only the deadliest diseases in the world – leading to over 40 million global deaths per year – but also some of the most expensive due to their chronic nature. By offering members incentives to engage in healthy behaviors, wellness-linked insurance programs could reduce healthcare costs and improve health outcomes. This is particularly relevant for NCDs, which require ongoing treatment and monitoring, and can result in complications that are both dangerous to the patient’s health and expensive to treat. Additionally, wellness-linked insurance harnesses the power of digital data tracking for monitoring and improving population health, as well as promoting access to care and financial protection for the poor.
Unfortunately, wellness-linked insurance models primarily serve middle- and high-income customers. The opportunity to digitally track health data to reduce costs and improve health outcomes in low- and middle-income countries requires upfront investments in the public sector. Read HFI’s new blog to learn more about wellness-linked insurance and how innovative finance solutions can expand these models to include lower-income customers.
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