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The urgency of SME health insurance cannot be overlooked
The available health insurance options for SMEs are far from favourable. Many find themselves locked out of group cover benefits due to unfavourable terms for those with fewer employees.
About 7.4 million Small and Medium-sized Enterprises (SMEs) form the backbone of Kenya's economy, contributing 40 percent of its GDP and employing nearly 78 percent of its working population. Yet, amidst this socio-economic vitality lies a sobering reality – a large portion of the hardworking individuals employed by SMEs and their families lack adequate health insurance coverage.
According to recent data from the National Bureau of Statistics (KNBS), only 19 percent of Kenya's population has health insurance, leaving a vast majority vulnerable to the uncertainties of healthcare costs. For SME workers, this translates to a glaring gap in their financial security and well-being.
