Tax is one of the most hidden issues and barriers to greater access to healthcare in the UK through the private sector, Nicholas Potter, acting chief executive and chief financial officer, Simplyhealth, told delegates at the Association of British Insurers’ (ABI) annual conference yesterday (27 February).
During the Health and Protection - Health, Tax and Politics panel, Potter said that private health care and private medical insurance have historically been the purview of C-suite and senior leaderships as it's "jolly expensive". "This year alone, we've seen 20%-25% increases in premiums and that's sucking the ability of businesses to spread more money across the wider workforce in terms of their health and that's something we've got to address," Potter noted. For example, businesses must pay 12% insurance premium tax as well as national insurance, so there is an "inequality hidden wi...
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