International PMI - The great unknown

Last year, the talk was that the international private medical insurance (PMI) was looking forward to a period of mass expansion: more and more people were leaving the UK to live abroad, the simple flow of commerce was making it easy for businesses to spend on their workers and globalisation meant that PMI services taken up by employers were often bought outside the country they were used in. The short story of what has happened in the last 12 months is that the financial system has begun to collapse under the weight of bad debt and mismanagement. The situation has become so precarious th...