Bupa reveals that a third of UK businesses turned down health cover because of Insurance Premium Tax
Insurance Premium Tax (IPT) is putting health insurance ‘out of reach' for an estimated 400,000 companies in the UK, a study supported by the British Insurance Brokers Association (BIBA) and the Association of Medical Insurers & Intermediaries (AMII) has suggested. The report by Bupa comes as industry bodies call for a cut to IPT in the Chancellor's next Budget (spring 2020). Last month the Association of British Insurers (ABI) reported a 10% health insurance decline in line with the rising tax....
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