AMII chairman backs open letter to Chancellor on IPT

Stuart Scullion, executive chairman of the Association of Medical Insurers & Intermediaries (AMII) has openly supported an open letter from four major health insurers calling for the Chancellor of the Exchequer to avoid further increases to Insurance Premiums Tax (IPT). Signed by CEOs of Bupa, Aviva Global Health, AXA PPP healthcare and Vitality UK, the letter read: ‘The standard rate of Insurance Premium Tax has already been doubled by the government over the last three years and any further increases risk pushing more businesses and individuals to drop or reduce their health cover, add...