The number of private medical insurance (PMI) policies in the UK (insured and self-insured) fell by 3.8% to 3.96m at the start of 2011, according to Laing and Buisson.
However, findings in the market analyst's 'Health Cover UK Market Report 2011' show the PMI sector is expecting to lift market spending in 2011, stoping the slide in PMI take-up which has seen the proportion of covered UK residents drop from 12.4% in 2008 to 11.1% at the start of 2011. The number of PMI policies funded by companies decreased by 3.3% last year to 2.95m, while individual paid policies fell by 5.1% to 1.01m. Spending on (insured and self-insured) PMI contracted by 3% in real terms (taking into account economy inflation (RPI)) during 2010 to reach £4.15bn. However medi...
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