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Article

12 Apr 2010

Author:
Katharine Houreld, AP

Micro-insurance plans extend health care in Africa

…A type of health care financing is growing more popular in Africa: Micro-insurance. Activists say it can help pay for health care for some of the billions of people in the developing world who cannot afford it. "Poor people need health insurance, they deserve it and it can be done," [said] Nobel-prize winning economist Muhammad Yunus…Micro-insurance is…accessible to those earning less than $2 a day, who pay tiny weekly premiums of sometimes less than a cent…[T]he number of African policy holders has increased by 80 percent in the last five years, according to a recent study by the International Labor Organization.