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Public don&#39t know the true costs of private operations

Legal & General says more than two-thirds of people intend to pay for private healthcare directly rather than through an insurance policy but underestimate how much it will cost.

Consumer research from L&G shows that 70 per cent of people intend to pay for private healthcare on demand rather than through a PMI policy.

But the survey reveals serious underestimation of the cost of private treatment, with 57 per cent estimating the cost of a knee replacement operation at under £4,000 and 29 per cent saying they had no idea. Only 3 per cent assessed the cost correctly at £6,000.

The majority of people said they would pay for treatment from liquid assets, with 58 per cent expecting to pay from savings or current accounts, 17 per cent credit cards and 7 per cent family and friends.

Head of healthcare development Steve Bryan says: “It is extremely worrying that so many people who might want to use private healthcare have underestimated the cost of paying for treatment. Most people will not have thousands of pounds immediately available or a credit card that will stretch that far. We would strongly recommend anyone who might like to go private to consider a private healthcare policy to cover the costs.”

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