Insurance tax ‘detrimental’

Private Healthcare Summit 2020

Bupa Insurance chief executive Alex Perry hit out at ‘counter-productive’ Government policy on private health insurance and called for a less hostile policy approach. 

He told the Summit that the doubling of insurance premium tax since 2015 meant that, when  National Insurance and benefit-in-kind factors were taken into account, employers and employees between them faced an effective tax rate on health insurance of between 50% and 72%.

That was ‘punitive’ and Bupa had made the case to Government that it was unfair on businesses and individuals who took out health insurance.