The UK’s private healthcare market value surged to £12.4 billion as NHS waiting lists reached a staggering 7.77 million, driving demand for private services.
The NHS increased its spending on private healthcare to £2.1 billion last year, up from £1.9 billion in 2022, highlighting a shift in addressing waiting lists.
LaingBuisson's report indicated that private medical insurance sales soared, with individuals opting for such policies due to lengthy NHS wait times and increasing procedures.
As private procedures rose, the independent healthcare sector's total revenue hit a new high, with 1.3 million procedures carried out, including nearly 445,000 funded by the NHS.
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