Is health insurance changing?

Wed, 29 Nov 2006

There was a time that private medical insurance was a hallowed perk for the rich only. However, private health insurance appears to be becoming more affordable, even as the NHS claims to be improving.

New figures from the National Health Service indicate that it is improving, with declining patient waiting lists. Horror stories of people waiting for over nine months for an operation or treatment do seem to be growing less common. The question is, do people need private medical insurance ?

The perks of having little waiting time and a private room are great, but what about the expense? PMI for someone in their 30s is likely to stand at around £50 per months, whilst for those in their 60s it could easily top £100. With millions of pounds going into the NHS, is it worth shelling out?

It seems that private medical insurance as an advantage depends what area of the country you live in, with large disparity in regional NHS waiting times, and also in hospital hygiene.

Many private medical insurance policyholders have chosen less extensive cover, or co-payment as an option. Cash plans are not likely to be affected by an improving NHS. Some experts argue that as the NHS gets better, the need for PMI will only become more glaring due to increased demand for NHS services.
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