(Health-NewsWire.Net, August 26, 2016 ) The financial struggles of NHS Trusts provide an even greater opportunity for private providers to take on more NHS work and could see more people turning to Private Healthcare to guarantee access to healthcare services. An efficient and cost-effective private healthcare sector could lead to greater benefits for patients, providers, health professionals and insurers, while also easing the burden on the NHS and the wider UK health sector.
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Table of Content
Executive Summary
Market size Figure 1: UK Expenditure on Private Acute Healthcare, 2011-15 Figure 2: The UK PMI Market, 2010-2014, by Number of Policyholders and People Covered Figure 3: Estimated Weekly Spend on PMI Premiums, by Region, 2012-14 Market trends Rising demand for health cash plans denting PMI growth... ... as self-pay healthcare sector growth also potentially dampens PMI development prospects Private provider income set to be faced with additional cost pressures Government action has sent mixed signals to the PMI market Market factors NHS budgetary issues affecting industry performance...
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...but outsourcing to private sector remains strong Doubts still surround level of competition in the market Rise in insurance premium tax could dampen PMI market growth Industry structure Private Acute Medical Care PMI The consumer Forecast Strong, but stable, growth expected in private acute healthcare to 2020 Figure 4: Forecast UK Expenditure on Private Acute Healthcare, 2016-2020 Slow growth expected in the PMI market Figure 5: UK Market Forecast for Private Medical Insurance Subscription Income, 2016-2020 What we think
Key Insights
What impact will NHS performance have on the industry’s own development? Has government-led action helped restore growth potential in the PMI market? Are there regional and demographic differences in PMI coverage and spending? Can providers benefit from these? How are overseas patients influencing the private acute market? What will affect future market development?
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