Bupa blames economy for 22% UK profit drop

Doctor examining patient

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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