Discovery forecasts UK upswing as SA boosts profit.

Byline: Tamar Kahn

Discovery forecasts UK upswing as SA boosts profit TAMAR KAHN Science and Health Editor CAPE TOWN SA's biggest health and insurance company, Discovery Holdings, said yesterday it expects a potentially profitable upswing in private medical insurance in the UK over the next few years, as spending cuts to the National Health Service (NHS) prompt more people to seek private cover. This will be a reversal of the current trend, which has cut into Discovery UK's earnings. UK private health insurance levels are at their lowest since the 1970s, both on the individual and employer-funded front, according to a July 19 report in the Guardian newspaper, which cites …