Amid these developments, there have been other equally important developments in form of massive investment in human capital accumulation in the sector, leveraging of technology to deliver better services, and continued innovation to meet user demands as evidenced by some new products such as internet banking and mobile banking, dedicated products for SME’s, credit cards, points of sale services with major service providers and retailers, etc.
The Congressional Budget Office (CBO) projects that, under current policies, health spending will account for almost one-half of all federal non-interest outlays by 2050. 2 As the public interest in these issues testifies, the stakes associated with health-care reform, both economic and social, are very high.