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Fears of premium hikes as young to ditch health cover

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(Stock photo)

(Stock photo)

(Stock photo)

Large numbers of young people are likely to quit the health insurance market, putting pressure on for more premium rises.

A combination of income hits and health shocks could see young people dropping their cover, the regulator has warned.

Older people tend to make more claims, while younger people are sought after by insurers as they as they are less inclined to make claims.