Health insurance tax hike pushes 200000 people from private cover to NHS, research finds A tax hike on health insurance could be putting more strain on the NHS by causing almost 200,000 people to ditch their private cover in the last three years, new research has suggested.
Insurance Premium Tax (IPT), which is levied on some types of policies, including health insurance, has doubled to 12 per cent since 2015.
According to the study by the Centre for Economics and Business Research (Cebr), which was commissioned by private healthcare provider Bupa, the rises have contributed to thousands of people giving up policies which covered treatment for conditions including cancer, heart and joint surgery. The Independent
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