This is a recent article about a young girl who has been suffering with a horrible disease. After finally finding a drug which provides the girl some comfort, Pharmac tell them they are not able to fund the $350,000 a year which it would cost.
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11377729
If they'd had Partners Life medical insurance, the whole process would be covered in full.
Unlike most of the others, this covers non-Pharmac funded drugs treatments.
Most people think they are doing the right thing when they take out medical insurance, but insurance policies are not just a commodity with identical contracts competing on price - it's too easy to buy a mongrel policy on cost comparisons alone if you don't consider what the company will actually pay for when the chips are down.