Have you ever found yourself anxiously waiting for an NHS appointment, only to be met with a disheartening delay? If so, you’re not alone. The growing pressure on the NHS has led to a significant increase in waiting times, particularly for chronic conditions like diabetes, heart disease, and cancer. This has prompted many people in the UK to seek alternative healthcare solutions.
One such solution is Private Medical Insurance (PMI). Private Medical Insurance offers a range of benefits that can provide peace of mind and faster access to care. According to the Private Healthcare Information Network (PHIN), the number of private hospital and clinic admissions has surged in recent years, with a staggering 238,000 people receiving private healthcare in the first quarter of 2024 alone. Of these, a remarkable 168,000 admissions were covered by Private Medical Insurance, representing a 6% increase from the previous year.
Dr Ian Gargan, PHIN’s Chief Executive, said: “These record figures show the important role the private sector plays in the nation’s health, something the major political parties acknowledged. With NHS waiting lists at record levels, a growing number of people are looking for alternatives and choosing to use the private sector rather than risk prolonged waits and potentially seeing their health deteriorate”.
“The number of people using Private Medical Insurance or opting to ‘self-pay’ for their procedure, has increased despite the difficult economic conditions over the past few years, demonstrating the importance people place on their health”.
Businesses also understand the importance of providing Private Medical Insurance cover for their employees. Companies providing healthcare benefits for their staff’s wellbeing have increased.
Paul Nugent, CEO at Santé Group advised “As Private Medical Insurance continues to gain traction, we anticipate reaching a significant milestone of one million private healthcare admissions per year. This surge underscores the growing trend of UK businesses investing in employee wellbeing through private healthcare benefits.”
So, what’s driving this growing trend towards private healthcare?
- Faster Access to Care: One of the primary reasons people choose Private Medical Insurance is to avoid lengthy NHS waiting lists. With Private Medical Insurance (also known as Health Insurance), you can often access GP appointments, referrals, and treatments much more quickly, giving you greater control over your health journey.
- Choice of Providers: Private Medical Insurance empowers you to select the healthcare provider that best suits your needs. Whether you prefer a specific hospital, specialist, or primary care physician, you have the freedom to choose.
- Comprehensive Coverage: Private Medical Insurance policies typically cover a wide range of medical services, including chronic condition management, surgeries, holistic therapies, and mental health support. This comprehensive coverage can provide reassurance during challenging times.
- Peace of Mind: Knowing that you have access to quality healthcare when you need it can significantly reduce stress and anxiety. Imagine the relief of knowing that you won’t have to wait for months for a crucial diagnosis or treatment.
But don’t just take our word for it. Consider the experience of Lorraine and Michael from Kent. When Lorraine was diagnosed with bowel cancer, their Private Medical Insurance ensured she received surgery within two weeks, avoiding the potentially devastating consequences of prolonged delays.
Cancer Research UK quoted, “Some people are having to wait much longer than the standard 62 days. We’re seeing a rise in ‘long waiters’—people who wait for over 104 days to begin their treatment. “
While Private Medical Insurance offers many advantages, it’s important to note that it doesn’t replace the NHS. The NHS remains a vital part of the UK’s healthcare system, providing essential services to millions of people. However, for those seeking faster access to care and greater choice, Private Medical Insurance can be a valuable option.
So, is Private Medical Insurance worth it for you?
If you’re frustrated by NHS waiting times or simply want greater control over your healthcare, Private Medical Insurance may be a worthwhile investment. By choosing Private Medical Insurance, you can:
- Avoid long NHS waiting lists times for GP, referral, and consultation appointments.
- Access high-quality care and treatment when needed the most.
- Choose your healthcare provider – select the hospital, specialist, or primary care provider that suits your needs.
- Benefit from comprehensive coverage – tailor-made policies and additional health benefits that cover prescriptions, dental care, and mental health services.
- Experience peace of mind and reduced stress & anxiety.
Ready to explore Private Medical Insurance options? A specialist FCA-regulated health insurance broker, like HealthPlan, can help you assess your needs and find policy options that fit your budget and lifestyle. They can also help you understand the terms and conditions of the policy, so you know what you are getting. In addition, a broker can help you compare different insurance providers and policies so you can make an informed decision.
Conclusion
Private Medical Insurance offers numerous benefits. It allows you to avoid long waiting times and receive access to treatment and aftercare when needed. With a wide range of flexible policies to suit your needs, Private Medical Insurance is a valuable investment in your health and wellbeing.
SOURCES
https://www.phin.org.uk/news/private-healthcare-market-update-September-2024-United-Kingdom-phin
https://news.cancerresearchuk.org/shorthand_story/cancer-waiting-times-who-are-the-long-waiters/
https://www.healthmatters.org.uk/BLOG/rndblog/blog1-a.php?pid=717
