Medicash attributes losses to IPT increase

Medicash Health Benefits Limited has attributed losses of £207,000 reported in 2015 to last November€™s rise in IPT to 9.5%. The health cash plan provider posted an 6% increase in earned premiums to £23m for the year ended 31 December 2015 as the number of policyholders swelled by 11% to 188,314. However, claims incurred rose…