Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

NHS runs out of money - Despite a £100 billion budget , time to privatise ?

Politics / Strategic News Jan 03, 2007 - 11:55 PM GMT

By: Nadeem_Walayat

Politics

NHS trusts up and down Britain have reportedly run out of money, and as a consequence are cancelling routine operations such as treatments for varicose veins, teeth etc. We highlighted this possibility in our article of 25th December 06 - The NHS is killing Britain as it wastes tens of billions every year , Hospital trusts continue to request billions more as GP's are told to refer fewer patients to hospitals. As well as hospital departments being told to turn patents away.

Whilst in the meantime, the debt that has built up through utter incompetence and mis-management by NHS Trusts CEO's, that have in some cases tripled salaries of none front-line staff, which is the primary reason why £100 billion per year is not enough to meet the needs of patents, despite reduced patient load due to lengthening in waiting lists


NHS runs out of money - Despite a £100 billion budget

A think tank today claimed (Reform) performance by local health authorities had actually reversed despite record funding going into the system. "The evidence is that the service is in a weaker position than in 2004," the report's author, Nick Bosanquet, said. Well that would seem obvious to users of the NHS service right from GP's straight to health departments are failing to do the job they have been paid to do, which includes tripling of salaries.

The United States had Enron, Britain has the NHS. The Enron fraudsters were eventually held to account. But those responsible for wasting tens of billions per year will likely never be held to account !

The NHS is not working, and throwing another £10 billion at it is not going to make any difference. In my opinion it is time to make the NHS accountable and give the say back to the patients who via vouchers can take their treatment to whichever GP they choose to or whichever hospital, be it an NHS hospital or private hospital. Because the current system is a disaster ! It is time it privatise the NHS, rather then in another decades time wonder why the UK tax payer is wasting £200 billions a year on an health service that does not work, rather employs people for employments sake.

The 1.2 million people on the NHS gravy train should be dragged kicking and screaming to the market place where incompetence cannot be ignored. Already the Trades Union Council is gearing up to protest against any job losses amongst those on the NHS gravy train. Despite the fact that the NHS clearly employs too much dead wood. Who balk at any attempts at the introduction of market mechanisms into the NHS that may make a small dent in the financial black hole that the NHS has become.

It would probably be cheaper to use the £100 billions per year to fund patient treatement in which ever private hospital in which ever European Country. Then the British tax payer would recieve value for money and the patients would recieve the health care they deserve.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in