Less people are taking out private medical insurance with provider Bupa. Figures have dropped three percent in the past six months compared to the same time last year, and it is being put down to the increasing numbers of people in the UK who have become unemployed recently. Over two thirds of Bupa’s customers are covered by a company policy so with fewer employees, less people are being covered with private medical insurance. For the thirty percent of people who have an individual health insurance policy with Bupa, they may have decided to opt for a cheaper private health insurance policy when their renewal came around because of money becoming tighter within their household. Freedom Healthnet provides low cost cash plan health insurance policies that are much more affordable, especially during the recession.


Despite the fact that Bupa suffered a significant drop in the number of policy holders, the company’s profits still rose for the first half of this year. This is because the prices of premiums were raised to cover the potential losses from dropping custom. With the UK’s financial system not expected to improve until at least 2010, the British public will be looking to save money in every area so rising premiums may encourage people to consider switching their private medical cover to a cheaper option like a cash plan policy. Online quotes are a quick and easy way to find out if money can be saved, without getting rid of the peace of mind that comes alongside having access to top quality private healthcare facilities.