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Insurance News - Last Updated Saturday 12th July 2008 → Syndicate this
Is It Time To Ditch Private Healthcare?




Saturday 12th July 2008

As money becomes ever tighter more and more people are looking at ways to cut their costs and reduce their monthly outgoings. One such area which is catching the attention of many is health insurance, something which is very useful to have, but has no real value until you actually need it. So are people right to consider cancelling their health insurance plans?

In many ways this is your classic short term gain, long term pain, with many people taking a chance for themselves and their families by cancelling such insurance. The headlines say that NHS queues are dropping, the public say otherwise, the government say there will be no privatisation of the NHS, but their policies say otherwise. While the NHS may still be the envy of many countries around the world, it is not the same animal it was just a decade ago.

Those who expect the NHS to pick up where private healthcare left off will be very disappointed. There are still massive queues for many procedures, more patients are being asked to pay for treatment and even some life saving drugs are still not available via the health service. So in light of the above observations, maybe it would be sensible to put health before a few pounds a month?

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