- Tue Jun 18, 2013 9:45 pm
#319024
But of course expanding growth in private health is all free money.
Tubby Isaacs wrote:And the venture capitalists can get money off us.
http://www.telegraph.co.uk/finance/econ ... -cuts.html" onclick="window.open(this.href);return false;
Or as Heath puts it, we can reduce the size of the state.
The Office for Budget Responsibility has run various scenarios as part of its Fiscal Sustainability Report. Its central projection is that health spending will rise from 6.8pc of GDP in 2016-17 to 9.1pc by 2061-62 as the population ages. Even such a modest rise would devastate the public finances.
So Heath's solution to prevent people having to spend more on health is to get people to spend more on health.10. Most controversially of all, the only way we are going to spend more on health without bankrupting the state is to encourage the public to pay more itself, as already happens in almost every other country. We need a European-style, insurance-based universal health system, with co-payments by those who can afford it and much greater private provision.
But of course expanding growth in private health is all free money.