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One in five would take out loan to pay for PMI says Virgin

More than one in five would consider taking out private medical insurance rather than relying on the NHS according to a recent survey from Virgin.

The research reports 22 per cent would take out a loan to pay for PMI instead of waiting for a place in the NHS.

Virgin says the cost of the average policy has risen by 51 per cent to £686 in 2001 from £454 in 1992 and as a result more people are taking out private loans because they cannot afford the costs of PMI.

Money marketing manager Gordon Maw says: “Everyone knows the NHS has massive funding problems which the Government is attempting to address, and the results of our survey may or may not say something about current public perceptions of the service it provides.”

“Our suspicion is that vast numbers of people are continuing to turn their backs on costly private medical insurance policies which are clobbering customers with rising premiums and lengthy lists of exclusions.”

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