PMI rising high?

hot-air-balloon

The cost of private medical treatment has soared in recent years - double-digit increases annually - but can providers realistically offset costs through premium rises alone? Liz McMahon reports

Private medical insurance (PMI) was designed for a very different world than the one it operates within today. Originally, it was intended to be an option for the better-off who wanted to jump the queue for non-life threatening operations. But these days, the PMI market has swollen to such colossal proportions that it is unrecognisable from its original form.

As the sector's remit has expanded rapidly in response to the perceived shortcomings of the NHS and changes in consumer demand, the cost

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