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Standard Life Healthcare

New research from Standard Life Healthcare shows that while two in three people would consider paying for their own treatment rather than wait for the NHS, most of them have the wrong idea about how much that treatment will actually cost.

The 8th Standard Life Attitudes to Healthcare survey has revealed that 15% of adults who would pay for private medical care rather than wait would pay as much as £10,000; 40% would pay £1,000, 26% £2,500 and 20% £5,000 from their own funds.

But the research also showed that only one in three people knew that a coronary artery bypass would cost about £14,500*. Another one in three thought it would be just £10,000 and one in four people thought it would be just £8,500. Nearly one in ten (8%) thought it would be only £5,000. Similarly, fewer than one in four people (23%) knew that a knee replacement would cost as much as £9,500*. A third of people said it would cost £7,500, 29% said £5,000 and 16% thought it would be only £3,500.

‘This underlines the need for people to be more aware of the true cost of healthcare, whether they are considering self-paying, or looking at private medical insurance,’ said Liam Kennedy, National Development Manager, Standard Life Healthcare. ‘Medical costs are dearer than most people imagine and if they don’t want to wait for NHS care, or can’t, they might get a nasty shock.”

Liam continued, “The survey also showed that seven in ten people worry about their health, almost half worry about their parents’ health and the same about their children’s. These are people who would benefit from the reassurance of private health insurance.”

Other results from the survey showed that:

• Eight in ten people say that being treated quickly is an important benefit of PMI.
• Three in four people say that being able to recuperate in clean and comfortable surroundings is an important benefit of PMI.
• More than one in two people (54%) say that being offered a local private hospital is an important benefit of PMI.

Standard Life Healthcare offers wide ranging health and wellbeing support to all its health insurance customers, and regularly conducts research on attitudes to health and wellbeing. The company is also well known for its service to intermediaries – more information is available at:www.adviserzone.co.uk.

* Source: Standard Life

Ends

Media enquiries please contact:

Yvonne Savage, Senior Media Affairs Manager
Standard Life Assurance Limited
Direct: 0131 245 0476
Mobile: 0771 248 6331
Email: yvonne_savage@standardlife.com

Notes to Editors:

The results are based on a sample of 1018 GB adults aged 16-64 interviewed by TNS over the Internet from 22 to 24 July 2008. The sample has been weighted to represent the adult population of Great Britain aged 16-64.

This press release was distributed by ResponseSource Press Release Wire on behalf of Standard Life in the following categories: Health, for more information visit https://pressreleasewire.responsesource.com/about.