PMI costs: On the up


It is clear that medical inflation is having consequences, but what is causing it and what is to be done? Mike Izzard investigates.

There are many schools of thought as to why medical inflation in private medical insurance (PMI) continually appears to outstrip that in the real world, whichever indices you apply. It is helpful to determine why that is and how intermediaries can help mitigate the relentless increases suffered by individuals and companies alike. It is first necessary to establish exactly what medical inflation is and the various factors influencing it. There are in fact three forms of medical inflation: PMI medical inflation, private provider hospital medical inflation and of course the insurer infla...

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