Releasing the pressure

clock

As the National Health Service comes under increasing financial strain, and the economic costs of sickness become more apparent, Michael Payne, outlines the part private medical insurance (PMI) could play through a restructure of current taxation rules

The PMI industry is on the verge of seeing a window of opportunity open to play a greater role in the provision of healthcare in the UK. Political pundits are foreseeing a change of government at the next election, while economic forecasters predict that the ever growing public debt burden can only be tackled by major curbing of public spending across all departments, including the Department of Health. The big ‘if’ Although there is no indication that any of the major political parties intend to cut the NHS budget, the above inflation increases in health spending over the last decade ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Five things to know when assessing critical illness policies

Five things to know when assessing critical illness policies

Five critical illness factors to consider

Alan Lakey
clock 12 May 2025 • 4 min read
Finding cover for clients with health conditions poses challenge for advisers

Finding cover for clients with health conditions poses challenge for advisers

The Exeter research findings

Jaskeet Briah
clock 12 May 2025 • 1 min read
The FCA Protection Market Study: What it means for intermediaries

The FCA Protection Market Study: What it means for intermediaries

'The FCA's review could lead to changes for intermediaries'

Kris Armstrong
clock 09 May 2025 • 4 min read