A new report from Datamonitor, an independent market analyst, has found that the cost of private medical insurance (PMI) in the UK is increasing as more individuals claim on their policies and as market penetration remains static.
The report has also found that the number of long-term care policyholders fails to reflect the need for long-term care over the next ten years. It says PMI subscriptions remain low and are being hindered because of uncertainty over state initiatives, expensive premiums and consumer ignorance about the cost of funding of long-term care.
