Health insurance scheme and socio-economic development in Bayelsa state

Abstract

This study empirically investigates the relationship between health insurance schemes and socio-economic development in Bayelsa State. Specifically, it examines the impact of health insurance schemes on healthcare accessibility and analyzes the relationship between health insurance coverage and socio-economic development. Employing a quantitative research design, the study utilizes a descriptive survey approach to systematically collect and analyze numerical data. A multistage sampling technique was applied to select respondents from both insured and uninsured populations, while primary data was gathered through structured questionnaires. The study employed inferential statistical techniques, including regression analysis and chi-square tests, to assess relationships among key variables. The findings indicate a significant positive correlation (r = 0.581, p < 0.01) between health insurance schemes and healthcare accessibility, demonstrating that expanded insurance schemes enhance healthcare access. Additionally, a strong positive relationship (r = 0.667, p < 0.01) was observed between health insurance coverage and socio-economic development, suggesting that broader coverage improves healthcare reliability and economic stability. These results highlight the crucial role of structured health insurance policies in reducing financial barriers and enhancing healthcare outcomes. The study recommends that the government expand enrollment in health insurance schemes, particularly for low-income and rural populations, and that regulatory bodies implement policies ensuring timely reimbursements to healthcare providers. Strengthening health insurance frameworks will contribute to equitable healthcare access and socio-economic development in Bayelsa State.