Premium
THE PRIVATE FINANCING OF NHS HOSPITALS: POLITICS, POLICY AND PRACTICE
Author(s) -
Hellowell Mark,
Pollock Allyson M.
Publication year - 2009
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01861.x
Subject(s) - private finance initiative , finance , politics , investment (military) , capital (architecture) , private capital , business , economics , private sector , political science , economic growth , foreign direct investment , macroeconomics , archaeology , history , law
This article outlines and critiques the main fiscal and economic rationales for the Private Finance Initiative and examines the impact of the policy on the long‐term financial viability of NHS trusts. It concludes that the PFI funding of capital investment is highly problematic. Its high costs can have a negative impact on the finances of health systems.