The UK ’s Financial Conduct Authority ( FCA ) has launched a public consultation on whether changes are necessary to ensure that cancer patients can acquire health insurance . The consultation is part of a wider look at problems some consumers can face when trying to buy insurance. The FCA will also be examining the variation in pricing premiums from insurers as part of a wider inquiry into obstacles consumers encounter when purchasing insurance . The FCA has said that insurance companies ’ use of “ big data ” was creating an increasingly divided market that made it difficult for consumers to persuade insurers to cover them , with these problems “ particularly apparent ” for people that currently have , or are recovering from , cancer .
The UK ’s Financial Conduct Authority ( FCA ) has launched a public consultation on whether changes are necessary to ensure that cancer patients can acquire health insurance . The FCA will also be examining the variation in pricing premiums from insurers as part of a wider inquiry into obstacles consumers encounter when purchasing insurance . The FCA has said that insurance companies ’ use of “ big data ” was creating an increasingly divided market that made it difficult for consumers to persuade insurers to cover them , with these problems “ particularly apparent ” for people that currently have , or are recovering from , cancer .