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Private sources to generate 50 per cent of earning for NHS

Private sources to generate 50 per cent of earning for NHSFrom October this year, about 50 per cent of the earnings of the NHS hospitals will come from private sources.

This decision has been taken by Health Secretary Andrew Lansley and it states that sources such as treating patients with private medical insurance will yield about 49 per cent of foundation trusts’ revenue and this will also include people who are willing to ‘self-pay’ for operations and other procedures.

According to critics, the privatization of healthcare has been marked by this decision outlined in the health and social care bill.

Reports state that the Health Secretary believes that, “The cap prevents foundation trusts from pursuing the kind of innovations that will both benefit patients in the future, and put more of our hospitals on the map internationally as world leaders in their field.”

It was added that not only private patients but incomes generated by researches, selling drugs to people in the UK and joint ventures are also covered in the cap.

It was announced by the Department of Health (DH) that under the control of a special administrator, an NHS Trust that is losing £1 million a week has been put and this has happened in the country for the first time.