Podcast
Questions and Answers
Compared to other advanced economies, what has been the historical trend of capital investment in the UK's NHS?
Compared to other advanced economies, what has been the historical trend of capital investment in the UK's NHS?
- Slightly higher
- About the same
- Significantly higher
- Very low (correct)
According to the report, the UK's capital investment in the NHS has been historically high compared to similar advanced economies.
According to the report, the UK's capital investment in the NHS has been historically high compared to similar advanced economies.
False (B)
What is the approximate amount, in pounds, that an average person in the UK has missed out on due to low capital investment in the NHS since 1975?
What is the approximate amount, in pounds, that an average person in the UK has missed out on due to low capital investment in the NHS since 1975?
2000
The report states that Private Finance Initiatives (PFI) were considered ______ deals, despite being the only mechanism to bring sufficient capital into the health system.
The report states that Private Finance Initiatives (PFI) were considered ______ deals, despite being the only mechanism to bring sufficient capital into the health system.
What is the estimated total cost of Private Finance Initiatives (PFI) for £13 billion of assets?
What is the estimated total cost of Private Finance Initiatives (PFI) for £13 billion of assets?
The report indicates that approximately £20 billion of debt related to Private Finance Initiatives (PFI) is still outstanding.
The report indicates that approximately £20 billion of debt related to Private Finance Initiatives (PFI) is still outstanding.
According to the report, how much PFI debt (in billions of pounds) is outstanding?
According to the report, how much PFI debt (in billions of pounds) is outstanding?
The report suggests urgently addressing the PFI legacy through a '______ to enfranchisement' for the NHS.
The report suggests urgently addressing the PFI legacy through a '______ to enfranchisement' for the NHS.
What specific action does the report recommend to address the PFI legacy?
What specific action does the report recommend to address the PFI legacy?
The report suggests the NHS should ignore the PFI debts as they are insignificant.
The report suggests the NHS should ignore the PFI debts as they are insignificant.
What is the total recommended new settlement amount (in billions of pounds per year) to fund capital and support NHS transformation?
What is the total recommended new settlement amount (in billions of pounds per year) to fund capital and support NHS transformation?
The report recommends a new settlement to fund capital and support transformation, representing an ______ percent uplift.
The report recommends a new settlement to fund capital and support transformation, representing an ______ percent uplift.
The recommended new settlement of £5.6 billion per year represents what percentage increase in capital funding for the NHS?
The recommended new settlement of £5.6 billion per year represents what percentage increase in capital funding for the NHS?
The report suggests that the NHS requires an increase of approximately £10 billion per year to adequately address capital funding and transformation needs.
The report suggests that the NHS requires an increase of approximately £10 billion per year to adequately address capital funding and transformation needs.
Match the author with the type of publication and date.
Match the author with the type of publication and date.
Who is the author of the report?
Who is the author of the report?
The report was published in 2020.
The report was published in 2020.
The report was published on ______ September 2019.
The report was published on ______ September 2019.
Match the following concepts with their definitions, according to the report:
Match the following concepts with their definitions, according to the report:
What is the primary focus of the 'right to enfranchisement' proposal mentioned in the report?
What is the primary focus of the 'right to enfranchisement' proposal mentioned in the report?
The report suggests that more emphasis should be placed on private finance initiatives (PFI) as a means of funding the NHS to alleviate current financial pressures.
The report suggests that more emphasis should be placed on private finance initiatives (PFI) as a means of funding the NHS to alleviate current financial pressures.
What overarching financial crisis affecting the NHS does this report primarily address?
What overarching financial crisis affecting the NHS does this report primarily address?
Capital investment in the NHS is used to aquire or upgrade ______-term assets.
Capital investment in the NHS is used to aquire or upgrade ______-term assets.
What is the equivalent overall amount, in pounds, that the UK has missed out on due to low capital investment in the NHS since 1975?
What is the equivalent overall amount, in pounds, that the UK has missed out on due to low capital investment in the NHS since 1975?
The report was written without any specific authors and was developed as a collaborative effort.
The report was written without any specific authors and was developed as a collaborative effort.
Flashcards
NHS Capital Investment
NHS Capital Investment
Historically low, leading to a significant deficit compared to other advanced economies.
Private Finance Initiatives (PFI)
Private Finance Initiatives (PFI)
A mechanism used to bring capital into the health system, but ultimately proven to be a poor financial deal.
Right to Enfranchisement
Right to Enfranchisement
Mechanism allowing the NHS to regain public ownership of PFI representing bad deals.
New Capital Settlement
New Capital Settlement
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Outstanding PFI Debt
Outstanding PFI Debt
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Study Notes
- The NHS has historically experienced low levels of capital investment compared to other advanced economies.
- Since 1975, the average person in the UK has missed out on nearly £2,000 in health service capital investment, totaling over £100 billion.
- Private Finance Initiatives (PFI) were implemented and did bring much needed capital into the health system.
- PFI deals have proven to be unfavorable, with an eventual cost of almost £80 billion for only £13 billion of assets.
- £55 billion of PFI debt remains outstanding, putting a strain on NHS resources.
- A new settlement to fund capital and support transformation is suggested, totaling £5.6 billion per year, marking an 80% increase.
- Addressing the PFI legacy is essential, advocating for a 'right to enfranchisement' for the NHS to bring disadvantageous deals back into public ownership.
- The article was published on September 12, 2019.
- Chris Thomas is the author of the publication.
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