4 ms·
It’s true that the UK health care system is a disaster, but that’s through deliberate actions by politicians both conservative and “new” Labour (I.e. the factio
by stephen_g 3y ago
It’s true that the UK health care system is a disaster, but that’s through deliberate actions by politicians both conservative and “new” Labour (I.e. the faction of Labour that are basically just Tories but in the Labour Party for some reason).
For example, instead of just publicly funding hospitals (you know how the Government can issue bonds at lower cost than private finance can borrow, before even thinking of profit margins) the Tories introduced Private Finance Initiative (PFI) schemes, which were then massively expanded by Blair, which up to 2017 (I think which is around when they finally stopped entering into new PFIs) the UK Government had paid private companies more than £308 billion for what amounted to £59 billion of actual capital investment.
Many of these PFI schemes were wildly profitable for the companies, and the public have to pick up the pieces for the ones that fail. At the same time, care quality was often inadequate, even for the ones making profits.
And that’s just one of the “privatisation by stealth” methods, there are a bunch of others (the NHS is too popular to overtly privatise).