Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

The NHS is killing Britain as it wastes tens of billions every year !

Politics / NHS Dec 24, 2006 - 08:05 PM GMT

By: Nadeem_Walayat

Politics

The UK Labour government came to office in 1997, focused on reinvigorating the National Health Service (NHS), this they did with vigor where the annual NHS budget has grown from £34 billions in 1997 to the present days £96 billion ! A more than 282% increase !!!!

Given the surge in spending, you would expect everything to be happy in the NHS, with ample funds to go around, if so ? You would be badly mistaken. NHS trusts up and down the country are reporting budget over-runs and cut backs in beds available to patents as well as on staffing with demands for billions more money to be spent.


The NHS is killing Britain !

So what's gone wrong with the NHS ?
In simple terms, the Labour government threw money at the NHS, literally hundreds of billions of extra spending has been thrown at the NHS, and much of it has gone straight into wages to feed the NHS gravy train. The NHS employs well over 1,100,000 workers, right from nurses to GP's to specialists have all enjoyed pay rises in excess of 100% ! On top of this, extra bureaucracy & quangos have been created to manage output targets that were supposed to measure the success of the hundreds of billions of extra spending. As years have gone by the output targets have been curtailed to meet those that are 'easiest' to achieve, you could say for political purposes.

The net result of a 285% increase in spending is a meager 30% increase in output in actual health care gain to patients. The rest of the money to all intents and purposes has been wasted. And more importantly continues to be wasted , this in no small part has resulted the current government budget deficit of £40 billions a year. The sensible thing to do would be to realise that the NHS is out of control and to rationalise / privatise it into a more affordable institution that allows the country to balance its budget.

But this is not going to happen, why ? Because of the 1.1 million people on the NHS gravy train, which are predominantly labour supporters. Even Cameron's Conservative party in an attempt to convince this large pool of voters that they will continue the Labour parties programme of out of control NHS spending is declaring that that will not cut NHS spending.

Take General Practitioners (GP's)
The average salary today is £106,000, up from £40, 000 in 1997, an increase of exactly 265% ! and indicative of why the NHS has going wrong !. Nearly triple the wages for LESS work, as GP's cut back on actual working hours with more work offloaded to nurses and referrals to hospitals for diagnoses. There is NO justification for such a huge pay rise for less productivity. None at all !.

Whilst GP's perform less work for nearly triple pay, this has led to an amalgamation of practices into multi-GP practices, patients increasingly complain of poorer care and indifference from part-time GP's as patients are shuffled from one GP to another, its only after several visits spanning several months that a patient can expect their symptoms to be taken seriously. Even then they have to go through the referral bureaucracy and delays, as increasingly cheaper quicker target achieving conditions are first to be referred.

The GP's are increasingly given incentives NOT to refer patients so as to save costs, this has led to sharp drop in the number of consultations over the last year, as it becomes ever harder for patents to make appointments with 'part-time' GP's. Where in the past GP's would have seen patents, now routine inquiries as determined by reception staff are referred to visiting nurses. This leads to further delays in diagnoses as nurses and GP's and reception staff pass the buck between one another with regards why say blood work cannot be taken etc. The cases are numerous of symptoms being ignored by part-time GP's' this includes cases of people with life threatening conditions such as brain tumors being repeated told that all they have is environmental flu, with no attempt at proper diagnoses !

Ninety per cent of GP's have taken advantage of the new GP contract to opt out of the provision of out of hours care, such as in the evening or weekends, leaving primary care trusts to find alternate providers to fill the gaps.

Patients increasingly disillusioned by the poor quality of GP / NHS service are going to the private sector for diagnoses and treatment, which has led to a boom in the private healthcare sector. So patients end up paying twice, once in higher taxes to employ those on the NHS gravy train and then again for proper diagnoses and treatment.

The new contracts for NHS staff also included generous pension arrangements, which is expected to eat up around £13 billion of the total budget by 2007/08 and contributing towards the ever escalating cost of staff pay and the soaring government budget deficit. This whilst the private sector workers are expected to increase contributions towards their pension provision.

So when you next hear news reports of NHS trusts being strapped for cash, demanding ever more funding, remember that throwing more money at the NHS is akin to throwing money into a bottomless pit, where barely 30p is spent on patient care from every extra £1 spent ! Only the other day, it was announced a further £6 billions a year is to be spent on the NHS bottomless pit, with the gravy train passengers crying for even more ! Inline with previous performance it is expected that less than 1/3rd of this extra £6 billion will be plowed into patient care !

The time has come to seriously consider privatizing the NHS, to give the power back to the patient to go to which ever GP / hospital they choose to for diagnoses and treatment. Only then will patients receive the care and consideration they deserve. Until then the NHS will continue to literally KILL Britain as it wastes tens of billions every year !

By Nadeem Walayat

Attention editors and publishers ! This article can be republished. Republished articles MUST include attribution to the author and the following short paragraph:

The Market Oracle is a FREE Financial Markets Forecasting & Analysis online publication. We aim to cut through the noise cluttering traditional sources of market analysis and get to the key points of where the markets are at and where they are expected to move to next !To view articles, visit http://www.marketoracle.co.uk


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Leanne Daly
25 Nov 07, 13:47
NHS

My comment is in reference to privatization, is it possible to privatise the NHS? or is privatisation merely down to healthcare-the actual hospitals/clinics themselves?


smartbrains
29 Jun 10, 02:42
NHS refusal to give me drugs is death sentence

I don't believe it is correct to say that someone gets cancer "through no fault of their own". It is a bit naive to say that. This thinking is based on a lie propagated by the medical establishment and the pharma industry out to make as much money as possible from desperate people fighting for their life (via the NHS).

Apothecary Jobs


Post Comment

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

6 Critical Money Making Rules