PMI adds £2.5bn annual boost to UK economy

£1.2bn from reduced sickness absence

Jaskeet Briah
clock • 2 min read

Private medical insurance (PMI) has been found to provide an annual £2.5 billion boost to the UK economy by offering faster diagnosis and access to healthcare for employees, Bupa has found.

Of the £2.5bn total, £1.2bn is generated through reduced sickness absence and £1.3bn from tackling presenteeism, where employees are at work but underperforming due to ill-health. Bupa's analysis - Healthy Workforce, Healthy Economy - looked at the direct economic impact of workplace private healthcare provision and the savings it makes for the NHS. For small-to-medium-enterprises (SME), of which 5.7m were operating in 2025, PMI delivered 22 fewer sickness absence days on average, with 24 additional days' worth of productivity. This resulted in £14,700 in additional Gross Value Add...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on PMI

Katie Crook-Davies joins Perci Health
PMI

Katie Crook-Davies joins Perci Health

New director of strategic accounts

Cameron Roberts
clock 27 April 2026 • 1 min read
Private healthcare up 7% in Q1 2026: Healthcode
PMI

Private healthcare up 7% in Q1 2026: Healthcode

£1.5bn generated for healthcare providers

Jaskeet Briah
clock 27 April 2026 • 2 min read
Aviva expands access to menopause support for PMI customers
PMI

Aviva expands access to menopause support for PMI customers

Service extended to individuals and SMEs

Jaskeet Briah
clock 27 April 2026 • 2 min read