The ongoing problems faced by the NHS should spark a growth in demand for private medical insurance (PMI), despite the rising cost of living, a survey by GlobalData found.
The data and analytics company stated that the NHS backlog from the pandemic, underfunding, staff shortages, and strikes throughout the end of 2022 and the start of 2023 will be the cause of the rise. GlobalData's 2022 UK Insurance Consumer Survey comprised over 4,000 consumers and found that concerns about NHS waiting times and service was the main reason for respondents purchasing a PMI policy. Some 27.3% selected this as their main reason for purchasing PMI, compared to 20.4% in the 2020 survey and 24.8% in 2020. GlobalData said this indicates that pressures from Covid-19 have h...
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