An interesting article:
http://www.telegraph.co.uk/finance/personalfinance/insurance/7536453/Too-sick-to-insure.html
Clearly market fails (sarcasm) and we need more “affordable” government “insurance” (assurance rather).
"But the good news is that those affected by such serious conditions can seek cover from a growing number of specialist insurers that provide comprehensive cover at affordable prices.
Fiona Macrae runs Insurancewith.com, a broker that focuses on providing insurance for those who have had cancer.
She says: “Initially, we focused on women with breast cancer, but by working with charities and specialist medical underwriters we are able to offer cover for other cancers and conditions and offer insurance to those who would be turned down elsewhere.”
Macrae says this includes those who have secondary cancers. They will also offer cover a month after any course of treatment has finished, provided the patient’s doctor advises they are well enough to travel. Other insurers typically only offer cover three months after treatment.
And the difference in price can be significant. One customer who contacted the company had been quoted £1,000 cover for for a two-week holiday in the USA. Although she had been diagnosed with secondary breast cancer, the Insurancewith premium was just £180.
Insurancewith isn’t the only specialist company. Those with serious medical conditions should also consider contacting Insurepink, Free Spirit, All Clear Plus, Freedom Travel or It’s So Easy."
That’s very interesting. Wonder if something like this would form in the health insurance market if it wasn’t so heavily regulated.