Yet another nail in the coffin of the NHS as the PAC finds system for NHS funding is inadequate…….
The Public Accounts report says Government has not acted quickly enough to keep acute hospital trusts in financial balance—also finding “there is not yet a convincing plan in place for closing the £22 billion efficiency gap and avoiding a ‘black hole’ in the NHS finances”.
Louise Prime ( for onmedica click link for full article)
Tuesday, 15 March 2016
In the Public Accounts Committee’s latest report into the sustainability and financial performance of acute hospital trusts, it expressed “deep concerns” over the financial future of the NHS – concluding that the Government had “not acted quickly enough to keep acute hospital trusts in financial balance”. The MPs, representing all the main parties, found that “there is not yet a convincing plan in place for closing the £22bn efficiency gap and avoiding a ‘black hole’ in the NHS finances”……………….
They reported a significant worsening in the financial health of NHS trusts and NHS foundation trusts in the past three financial years: trusts had a net deficit of £843m in 2014-15, a severe decline from their £91m deficit in 2013-14 and £592m surplus in 2012–13. Furthermore, they said matters are expected to deteriorate even further – halfway through 2015-16, three-quarters of trusts already had a deficit, and their total overspend could rise to about £2.5bn.
The NHS Confederation, which represents five out of six NHS providers and commissioners……. Its chief executive Rob Webster said: “Overall, we need closer engagement with the sector and a genuine understanding of the challenge NHS leaders are facing locally … coupled with support from politicians and regulators to change services, change finances, and change a culture looking at performance based on individual hospitals, into one that measures and supports the whole system.”