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ABI seeks deal on BMA fees

The ABI is aiming for a compromise with the British Medical Association

over a planned big increase in medical report fees which could see

protection premiums rocket.

It has been in discussions with the BMA since May. The BMA wanted to more

than double the fee for a general practitioner&#39s report from £30.10 to

£66 and more than triple the medical examination report fee to

£132 from £42.80.

Discussions are continuing but a compromise fee of around £46 for a

GP&#39s report and around £87 for a medical examination report look set

to be agreed.

The new fees are likely to be phased in over two to three years.

ABI figures show between 800,000 and two million reports are requested

each year at a cost of £30m to the industry.

Life offices say they would have to raise premiums and rethink when to ask

for reports to cover the cost of the massive increase initially proposed.

They want to see the situation resolved quickly.

Scottish Equitable Protect head of underwriting Matt Rann says: “The

problem is that insurers do not know where they stand over how much they

have to pay and GPs are in exactly the same boat. ”

ABI spokeswoman Suzanne Moore says: “We are still in discussions with the

BMA and no final decision has been made.”


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