Is the Private Finance Initiative an expensive option providing a poorer service, with the private sector partners creaming off profits from the taxpayer/NHS?
No. It will cost more to run the new hospital buildings than it does the existing old buildings, but this will be due to a huge improvement in the quality of facilities and services available to patients and not as a result of the Private Finance Initiative increasing costs. The British economy needs a healthy, profit making private sector; and the NHS has always had to deal with organisations who make profits such as drug manufacturers, equipment manufacturers and building maintenance companies. If the NHS were to build new hospitals using public funds, the building companies would still make a profit by building them.
Related Questions
- Is the Private Finance Initiative an expensive option providing a poorer service, with the private sector partners creaming off profits from the taxpayer/NHS?
- What US Government agencies and private sector partners work with the Leland Initiative to help implement the three core objectives and what are their roles?
- What does a PFI - private finance initiative?
