Planet Insurance - the OFT and PMI

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Happy new year, and some potentially good news on PMI premiums.

The OFT has provisionally decided to refer the market for private healthcare to the Competition Commission. They are running a consultation exercise on this and the closing date for comments is 30 January 2012. This decision is the culmination of a detailed market report, and a literature review on competition methodology in the sector. In essence, the OFT believe that they have identified four aspects of the market that can restrict competition and can prevent patients, GPs and PMI insurers choosing between competing service providers, including new entrants, on the basis of quality of ...

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