Best of the Week
Most Popular
1. UK CPI Inflation, RPI Deflation Forecast 2009 - 30th Dec 08
2. Stock Markets Heading for Test of Lows in January 2009 - 29th Dec 08
3. Great Depression 2009 Similarities to 1930's - 29th Dec 08
4. Foundations of the Financial Crisis - 30th Dec 08
5. Deflation Inflates Global Bond Bubble - 28th Dec 08
Editors Picks
Stock Market Obama Stimulus Plan and the January Effect - 5th Jan 09
Stock Market Investment Screening for Top Yielding Dividend Stocks - 5th Jan 09
Financial Markets Deflationary Crash of 2009 - 5th Jan 09
U.S. Dollar, Stocks and Financial Assets Could Surprise Investors in 2009 - 5th Jan 09
Stock Market Crash 2008 Gives Birth to Baby Bull 2009 - 4th Jan 09
Gold and Crude Oil Trading 2009 Special Report - 4th Jan 09
Why 2009 Deleveraging Stock Market and Commodities Crash is Ripe - 4th Jan 09
Stock Market Investors Buying Beaten Down Stocks - 4th Jan 09
Bad Corporate Earnings Points to Retest of Stock Market Lows - 3rd Jan 09
Bond Market Investors Near the Exit, Stock Market Rally Over Already? - 3rd Jan 09
Stock Market Wave 4 Rally Scenario Intact - 3rd Jan 09
An Unappy New Year for the Financial Markets - 2nd Jan 09
Bailouts Breeding Something for Nothing Economic Policy - 2nd Jan 09
Gloomy Corporate Earnings Prospects Hold Key to Stock Market Investing - 2nd Jan 09
Ten Major Threats Facing the U.S. Dollar in 2009 - 2nd Jan 09
False Deflation Diagnosis and Gold Bullish Crossover Signal - 2nd Jan 09
U.S. CPI Inflation Turning Negative, Deflation? - 2nd Jan 09
Most Popular Financial Markets Analysis of 2008 - 31st Dec 08
How to Invest in Crude Oil 2009 - 31st Dec 08
Stock Market Forecast and Strategy for 2009 - 31st Dec 08
Stock Market Panic's The Greatest Investment Opportunities in History - 31st Dec 08
Agri-Foods Strong Bull Market Investment Fundamentals - 31st Dec 08
Stocks, Interest Rates, Dollar and Commodities Mega-trend Forecasts 2009 - 30th Dec 08
Financial Market Forecasts for 2009  - 30th Dec 08
UK CPI Inflation, RPI Deflation Forecast 2009 - 30th Dec 08
Foundations of the Financial Crisis - 30th Dec 08
Great Depression 2009 Similarities to 1930's - 29th Dec 08
Krugman Still Wrong on the Economy - 29th Dec 08
Stock Markets Heading for Test of Lows in January 2009 - 29th Dec 08

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Best of the Month
December 08
What Happened to the American Dream?
Inflation Deflation Switch Turns Entire Investment World Upside Down for 2009
Deflation Depression II as $10 Trillion Wealth Destroyed
Great Depression 2009 Follows $30 Trillion Deflation
Fiscal Insanity Virus, the Irrational Fear of Deflation
Fed Targeting Long-term Interest Rates to Force Mortgage Rates Lower
The Greatest Wealth Transfer in the History of Mankind Starts Now!
Credit Collapse Financial Market Impacts and Implications
Deflation and the Destruction of America's Wealth
U.S. Federal Reserve Sets Stage for Weimar Style Hyper-inflation
The Market Oracles of Doom
Gold and Gold Stocks to Soar During 2009
Companies Trading at Bargain Basement Values
Financial System in Collapse, Credit Crisis Worst Yet to Come
Crude Oil Forecast 2009- Time to Buy?
Gold Red Alert- Gold Price Backwardation first time in History!
U.S. Housing Market Crash- How Far To The Bottom?
Wealth of Nations- Government Assets Minus Liabilities Analysis
America's Second Great Depression Has Started
UK Interest Rates Forecast to Crash to 1%
Comex Gold Shock and Awe
November 08
Investors Give Thanks for Stock Market Five Day Rally
Bankrupt Britain Trending Towards Hyper-Inflation?
The Real Truth behind the Citigroup Bank Nationalization
U.S. Housing Market Forecast 2009, More Pain No Gain
Manipulated Inflation Statistics An Undisclosed Act of Treason
World Economic Demand is Collapsing
U.S. Treasury the Final Bailout
Critical Week for Global Stock Markets and Economic Recovery
Hope for a Dismal Economy & Stock Market?
Where Stock Market Valuations and Technical Support Intersect
Credit Crisis Worse to Come as Bank Credit Contracts
U.S. Economic Pain Precedes Greatest Investment Opportunity of a Generation
Gloom and Doom Folks Will Soon be Proven Wrong
Agri-Foods Long-term Opportunities Amidst Hedge Funds Deleveraging
Will Fortune Favour the Brave in This Crisis Investment Climate?
After Shocks from the October Financial Markets Crash
Transitions From Stocks Bear Markets To Bull Markets
The Great American Housing Market Nightmare Next Phase
Stock Market Investing Dividend Yields Vs Bond Yields Analysis
U.S. Elections and Performance of Stocks, Dollar and Economy
Emerging Markets Turnaround is Getting Closer—Here's Why
Current Economic Crisis Worse than the Great Depression
FTSE 100 Stock Market Index Forecast Year End Rally
Stock Markets Staring into the Abyss
October 08
Stock Market Price Earnings Reversion Towards the Mean
Comex Gold and Silver Markets Hurtling Towards Default
Crooked Central Bank Plumbing the Depths of Depravity
Wild Crude Oil Markets Long-term Trend
Stock Market Crash Investor Overreaction Value Investing
When Will the Stocks Bear Market End?
Bear Market Deleveraging Producing Incredible Value in Agri-Foods
U.S. Dollar Bull Market Update
U.S. Dollar Driven Gold Price Crash
S&P500 Stock Market Crash Compared to Nikkei Index
Investment Opportunities in Municipal Bonds?
Stocks Bear Market Long-term Investing Strategy
Understanding Derivatives to Understand the Credit Crisis
Zinc Two Year Bear Market Coming to an End?
Stock Market Will Bottom Well Before the Economy
The Mechanism Of Capital Destruction
Fed Fighting to Prevent 1930's Style Financial and Economic Deflation
The Financial and Economic Blue Screen of Death
The U.S. Housing Market Economic Double Negative Feedback Loop
Stocks Bear Market Has NOT Hit Bottom!
Financial Markets Crash Greatest Opportunity in History!
Gold Price Manipulation- Bear Stearns Murdered at the Golden Gates
Central Banks Panic as Bailouts Fail to Halt Stock Market Crash
Financial Crisis 2008 Similar to 1987 Stock Market Crash
UK Interest Rate Forecast 2009
U.S. Economy Rapidly Sinking Into Economic Depression
Manipulation of Gold and Commodity Prices to Prevent Inflation and Higher Interest Rates
Bailout Fixes Nothing, Banking System Collapse Approaches Climax

Most Popular 2008
1. The Great Depression 2008 - It can't happen to us....can it?”
2. The Battle for America Has Begun- Strategic Forecasts
3. UK House Prices Plunge Over the Cliff
4. US Banking System Teetering on the Brink of Collapse
5. US Economy Forecast 2008 - First Recession then Recovery
6. How Safe is My FDIC-Insured Bank Account?
7. Rising Risk of a Systemic Financial Meltdown:The 12 Steps to Financial Disaster By Nouriel Roubini
Most Popular 2007
1. US Housing Market Crash to result in the Second Great Depression
2. Operation FALCON - The USA is turning into a Police State
3. US Housing Bubble Meltdown: "Is it too late to get out"?
4. UK Housing Market Crash of 2007 - 2008 and Steps to Protect Your Wealth
5. Global Liquidity Crisis when the Credit Boom comes to an End
Most Popular 2006
1. Last Warning! Three-Pronged Collapse ... Stocks, Bonds and Real Estate
2. UK Interest Rate forecast for 2007 - Bank of England to do battle with inflation
3. UK Interest Rates Forecast to rise much higher due to rising Inflation and high Money Supply Growth
4. Emerging Markets outlook for 2007 - India, China, Russia, Eastern Europe and Brazil

News Feeds
RSS Feeds
Links
Money Forums
Certz
TradingTheCharts
Housing Market Forecasts

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

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

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


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?



Post Comment (Moderated)




Credit Crisis Survival Toolkit