PMI sector threatened by inaccurate pricing
A drop in rates on private medical insurance (PMI) policies could threaten the long-term future of the sector, Groupama Healthcare has said.
It has called on the PMI sector to raise rates as long as the costs of care continue to rise.In a statement, the company's director of healthcare, Alistair Sclare said: "In this climate, it's probably natural to assume that premium rates will be under pressure as insurers fight to retain business and make products more affordable. However, the fact is that even in a recession, medical advancements do not instantly stop, consultants do not enter price wars and the hospital groups certainly show
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