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Health Cover. 13th Edition

£1,405.00£4,215.00

The latest update of LaingBuisson’s comprehensive study into health cover products, including Private Medical Cover, Health Cash Plans and Dental Benefit Plans. Published 16 January 2017. (187pp)

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Market Briefing

Report Brochure

Report Contents & Figures

 

While growth was the order of the day in 2015, a review of penetration over a longer time period clearly shows that demand for health cover has not bounced back since the last economic downturn, in 2009, did a good job at depressing take-up.”
Philip Blackburn – Report author

 

Continued uncertainty for insurers?

In a market where affordability and corporate prosperity rules, between the impact of Insurance Premium Tax hikes and the economic and business uncertainty caused by the Brexit vote, future prospects of the private medical cover market are uncertain and challenging.

While a bump in the number of subscribers taking private medical cover in 2015 provided a hint of good news in a market still reeling after the last economic crisis, a hike in Insurance Premium Tax and expectations of an economic slowdown from Brexit, provide a dampener for medical cover demand. However, we do see interest in private healthcare widening as NHS performance continues to falter in its battle to meet increasing needs.

Some £3.8 billion was generated in 2015 through private medical insurance premiums (average premium price £1,293), while £2.9 billion was paid out in insurance claims, as gross margins moved up to 27%. In addition, medical schemes self-insured by employers paid out £690 million in claims, as the self-insured market reached a new high.

LaingBuisson’s report previews future challenges and opportunities for private medical cover where cost containment and affordability, corporate health and wellbeing, and a wide choice of cover for high quality private healthcare across the whole care pathway, shape the sector’s future.

 

Exclusive LaingBuisson + Authoritative Commentary & Analysis On

      • UK private medical cover
      • Types of cover
        – Private Medical Insurance
        – Self-insured Medical Schemes
        – Health Cash Plans
        – Dental Plans
        – Primary Care GP Cover

 

What You Get

      • Standard Package – Single-user Printed Hard Copy
      • Digital Package – Multi-user Digital PDF and Microsoft Excel files + Printed Hard Copy

 

 

Report Format

Executive Summary & Highlights

Introduction

Introductory Definitions

Private Medical Cover

          • Headline statistics
          • Volume demand
          • Spending and average prices
          • Claims paid, cost inflation and gross margins
          • Futures

Health Cash Plans

          • Headline statistics
          • Volume demand
          • Spending and average prices
          • Claims paid, cost inflation and gross margins
          • Breakdown of benefits
          • Futures

Dental Benefit Plans

          • Headline statistics
          • Dental capitation trends
          • Dental insurance trends
          • Trends in demand
          • Futures

Private Primary Medical Care (GP) Cover

          • Headline statistics
          • Demand
          • Futures

Health Cover Product Innovation

          • Budget plans
          • Enhanced benefit plans
          • Flexible corporate plans/menu based
          • Target group plans
          • Back to work policies and sickness absence
          • Fixed price products
          • Individual underwriting
          • High value medical cash plans
          • Combined healthcare insurance plans
          • Stand alone benefit plans
          • Medical savings
          • NHS ‘top ups’

Distribution

          • Private medical cover trends
          • Health cash plan trends
          • Dental benefit trends
          • Internet sales

Health Cover Industry Structure

          • Insurers and administrators
          • Health cash plan providers
          • Dental benefit plan providers
          • Private primary medical care cover providers

 

Exclusive LaingBuisson Tables & Figures Include

          • bar graphsPeople covered by health cover products in the UK at the start of 2009 and 2016
          • Private medical cover subscribers (insured and self-insured (Healthcare Trusts)), subscriber growth, and growth index, 1995–2015
            Company paid and individual paid medical cover subscribers (insured and self-insured (Healthcare Trusts)), subscriber growth, and growth index, 1995–2015
          • SME company paid and large corporate company paid medical cover subscribers (insured and self-insured (Healthcare Trusts)), 2011–2015
          • New business and lapses rates for private medical insurance by sector, 2000–2015
          • People covered by private medical cover, and penetration of UK population by sector, 1995–2015
          • Market penetration of private medical cover (insured and self-insured (Healthcare Trusts)) by region – estimates by GORs (United Kingdom) for 2006
          • Private medical cover penetration by age group – 1982, 1987 and 1995 Great Britain, 2004/2005 UK
          • Private medical cover spending (insured premium income and derived spending on self-insured schemes (Healthcare Trusts)), and real growth, calendar 1995–2015
          • Company paid and individual paid private medical cover spending (insured premium income and derived spending on self-insured schemes (Healthcare Trusts)), real annual growth, and real growth index, calendar 1995–2015
          • Private medical insurance premium income, and real growth, calendar 1995–2015
          • Average premium paid for private medical insurance (excluding self-insurance), real annual growth in average premium (price inflation), and real growth index – All insurance cover, company paid, and individual paid, 1995–2015
          • SME, large corporate and total company paid private medical cover spending (insured and derived self-insured (Healthcare Trusts)), real annual growth, and real growth index, calendar 1995–2015
          • Proportion of UK spending on private medical insurance premiums by region, and annual spend per household by region, 2012–2014
          • Proportion of UK spending on private medical insurance premiums by age group and annual spend per household by age group, 2012, 2013 and 2014
          • Private medical cover claims paid, real growth and real index (insured and self-insured (Healthcare Trusts)), 1995–2015
          • Private medical cover claims paid per subscriber, real growth (cost inflation), real growth index, and gross margins (insured and private medical cover), 1996–2015
          • Corporate group health cash plan contributors (company/employer paid and employee paid), and (non-corporate) personal health cash plan contributors, 2013–2015 experimental statistics
            Health cash plan spending, real growth, and growth index by – all plans, individual paid and company paid, 1995–2015
          • Average price paid for health cash plans, real growth in average price (price inflation), and real growth index – all plans, individual paid, and company paid, 1995–2015
          • Corporate group health cash plan contributions (company/employer paid and employee paid), and (non-corporate) personal health cash plan contributions, 2013–2015 experimental statistics
            Health cash plan benefits paid, real growth, and growth index by – all plans, individual paid and company paid, 1995–2015

Plus many more…

Additional Information

Report Format

Multi-user Digital PDF + Printed Hard Copy, Single-user Printed Hard Copy