PMI customers short-changed

Thousands of customers with private medical insurance (PMI) are being short-changed by companies who are using small print to avoid paying up, according to one private medical insurer. The most popular way of buying PMI does not require customers to declare anything about their medical history. Known as 'moratorium underwriting', customers are not covered during the first two years of the policy for pre-existing conditions during the five years before the policy began. "The principle is a