This is an important article from the FT, citing latest independent research evidence from think-tank, the Health Foundation. Ahead of the UK national election, it’s a must-read. Check it out!
According to the FT, ‘the National Health Service is facing an even bigger financial “black hole” than politicians and health leaders have acknowledged, following a sharp fall in productivity’. It argues that hospital productivity has tumbled since 2012, as a result of the structural shake-up that stripped out layers of management and handed budget control to clinicians. This is all despite the inflation protection of the budget.
This latest evidence will be no surprise to regular readers of this blog. John Gelmini and myself have been arguing for four years that the UK’s public healthcare system is an omni-shambles. There has been massive and disgraceful bungling of the NHS by David Cameron’s coalition government and previously the Labour Party governments under Gordon Brown and Tony Blair. We have regularly explained why the NHS is beyond effective reform. It’s in the UK’s national interest to scrap the NHS and replace it with a leaner, best-of-breed, public healthcare system, modeled on exemplars like Singapore, Germany and Italy. The risk of continuing with the NHS is now greater and much more costly than scrapping it and starting again.
Why aren’t the mainstream media being honest with their readers and challenging the UK’s political classes to come-clean and stop wasting billions of pounds on the NHS? Otherwise, surely the NHS ‘black-hole’ will start to weaken the UK’s credit rating?