Bupa blames economy for 22% UK profit drop
Bupa blamed the "disappointing" performance of its UK arm on the economy as its profits plunged by 22% during 2012.
The private medical insurance (PMI) provider saw its UK profits fall from £140.9m in 2011 to £107.9m last year.
Although revenues edged up 1% to £2.53bn from £2.51bn, Bupa cited "challenged market dynamics" and "public spending pressure" for the profit decline.
In a statement, the insurer said: "Challenging trading conditions continued, adversely impacting customer numbers and profit, particularly in our health insurance business where low consumer confidence, rising healthcare costs and market
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