Cuts to NHS funding may trigger rush for private health insurance

Recent news of cuts to funding to NHS organisations, including the appointment of administrators to the NHS Trust in South London, may induce a rise in the uptake of private health insurance policies.
A survey, conducted for the NHS Confederation, points to NHS senior staff believing that many facets of the service provided by the NHS will deteriorate, including the quality of treatment worsening, including the availability of the latest treatments, and waiting lists becoming longer. These factors are often cited as the reason for purchasing private health insurance.
The CEO of the NHS Confederation has inferred that while cuts to funding being applied currently are already having an impact on service levels, future cuts implemented by the Government are likely to be deeper and the deleterious effects of these cuts more drastic.
The news was greeted with cautious optimism within the private health insurance market, which has suffered a drop in business due to the previous government’s spending to improve the NHS.

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