UK: LTC sales could be boosted by new funding rules
Article Abstract:
The UK government's new funding regulations could boost sales of long-term care (LTC) insurance. Average premiums could fall by 36% and demand grow by up to a third in 2001, says Norwich Union and Age Concern Financial Partnerships. The new rules mean that people living in care homes will receive GBu 35, GBu 70 or GBu 110 in England and GBu 90 in Wales. The partnership believes that long-term insurance cover could fall to an average of GBu 6,360/y from GBu 10,000/y.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: SURVEY REFLECTS PESSIMISM OVER NHS
Article Abstract:
A survey by the Consumers Association reveals that only 16% of the 40% of people prepared to pay for private health care have private medical insurance (PMI). One third of those on lower incomes expressed a willingness to take up PMI if they could avoid National Health Service (NHS) waiting lists. The survey reveals increasing fears over the state of the NHS, with some 33% of respondents believing it will be extinct in ten years time.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: HEALTHCARE CASH PLANS FORECAST TO BOOM
Article Abstract:
UK healthcare cash plans are forecast to boom to a market value of GBu 675mn in 2005, according to research specialist, Datamonitor. Long-term care insurance is also expected to do well, with 17.4%/y growth anticipated between 2000 and 2005. By 2005, new long-term care policies are expected to reach 5903.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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