graystoke4
pfm Member
Hi, its down to math's, the usa is to big, you can not run a firm/country so big, math's, they just do not get it ,
Indeed. I had my new hip done in a local private hospital on the NHS.I think @Bob McC points to a particular problem in the muddle headed financing of UK health care.
On the one hand the NHS is underfunded and so has to operate very close to its bottom line, leaving little fiscal room for its own R&D and investment in its own improvement. On the other hand it actually pays out to the private sector for treatments it can’t provide itself due to lack of investment in its own R&D, and in so doing contributing to private sector profits and thereby private sector fiscal space to invest in….its own healthcare R&D.
In short, we have a public service that at the same time as being itself underfunded, as a consequence of being underfunded, is actually forced into contributing to the funding of the private sector.
Mad, but true.