What’s causing insurance to rise and fall
A LaingBuisson analyst and report author looked into his crystal ball to predict the outlook for private healthcare revenue from medical insurance in the year ahead.
Riko Scandelius gave three reasons why revenue might rise in 2022-23:
The private medical insurance market has grown as customer companies have done relatively well;
NHS waiting times are unlikely to improve rapidly;
Medical inflation.
But he also cited a trio of factors which could influence revenue to falter.
These were:
A continued increase in virtual/digital health engagement;
New and younger subscribers typically claiming less;
Predictions of the UK entering a recession.