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The UK has the fifth largest share of healthcare financed through government schemes out of the 36 OECD member states. [6]According to the Department of Health and Social Care a total of £9.2 billion was paid to private providers in England in 2018-9, or about 7% of the departmental budget (it would be a larger proportion of the NHS budget).
It describes how recent governments have been privatising previously public services, including the NHS, by following free-market ideologies, whilst at the same time, the establishment demonises benefits fraud and makes cut-backs and imposes austerity measures on those at the bottom of the financial pyramid.
Allyson Pollock is a consultant in public health medicine and was the Director of the Institute of Health and Society, Newcastle University.She is an academic who is known for her research into, and opposition to, part privatisation of the UK National Health Service (NHS) via the Private Finance Initiative (PFI) and other mechanisms.
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In this interpretation, the upfront payment from the privatization sale corresponds to the principal amount of the loan, while the proceeds from the underlying asset correspond to secured interest payments—the transaction can be considered substantively the same as a secured loan, though it is structured as a sale. [27]
Only The Royal Marsden NHS Foundation Trust, which hopes to raise 45% of its income from private patients and other non-NHS sources in 2016/7 and is trying to raise its income from paying patients from £90m to £100m, [18] is anywhere near the 49% limit. the total private income of NHS trusts in England was £599.1 million in 2016-17 and £626 ...
Arguments along a similar line were raised in connection with the financial turmoil in 2008. With regard to the federal takeover of Fannie Mae and Freddie Mac , Ron Blackwell, chief economist of AFL–CIO , used the expression "Socialism for the rich and capitalism for the poor" to characterize the system. [ 17 ]
Privatization is the process of transferring ownership of a business, enterprise, agency, charity or public service from the public sector (the state or government) or common use to the private sector (businesses that operate for a private profit) or to private non-profit organizations.