Private health insurance subsidies should have been introduced in the Autumn Budget to help tackle the current healthcare crisis, according to the Association of Medical Insurers and Intermediaries (AMII).
Executive chairman Dave Middleton said the Chancellor could have done much more to incentivise the NHS and private healthcare sector to work together.
‘The measures he has announced are unlikely to solve the unprecedented issues facing the health service and, while subsidised private health insurance would, without doubt, reduce the burden on the NHS, it is a real shame that there seems to be no appetite within Government to consider this.’
AMII has campaigned against any increase in the Insurance Premium Tax and Mr Middleton expressed relief this was not increased.
He pledged the association would continue to lobby for lower-rated healthcare products.
‘We will continue to lobby hard that healthcare costs should be zero-rated for IPT purposes in line with other protection and general products, as they make an equally valuable contribution to the health of the nation and the UK economy.’