That'll learn 'em
In this Thursday's Financial Times there is an article about the dire financial state of seventeen NHS trusts. It reads:NHS trusts in financial mess
Just so as you know ...
Seventeen NHS trusts are in such deep financial difficulty they are unlikely to be able to get themselves out of it within a decade, the Department of Health has admitted. They are now undergoing "rigourous review" to identify what David Nicholson, the NHS chief executive, described as "long-term solutions".
Options include radical reconfiguration, a takeover by a foundation trust and write-off of part of their debt, with the remainder turned into Treasury-backed public dividend capital on which a low rate of interest is charged.
Radical reconfiguration = closure
Treasury-backed blah blah = write off the rest (but not until no-one's looking).
1 comment:
This is great info to know.
Post a Comment