Escalating Healthcare Costs
Healthcare costs continue to rise not only in the NHS, but through social costs of an ageing population.
With constraints on budgets due to high debt levels and an unwillingness to increase the tax burden, the sustainability of healthcare is being put under constant pressure.
We refer you to some detailed reports on the future of healthcare costs including from think tanks on both ends of the spectrum.
Deloitte's 2015 Global Healthcare Report
Across the globe, governments, health care delivery systems, insurers, and consumers are engaged in a persistent tug-of-war between competing priorities: meeting the increasing demand for health care services and reducing the rising cost of those services. Deloitte’s report examines Global healthcare sector trends in 2015, Costs, Adapting to market forces, Transformation & digital innovation and Regulations & compliance.
Spending on health and social care over the next 50 years
The KingsFund’s, John Appleby analyses the factors that influence the demand for health and social care, taking a long-term perspective. He shows that pressures to increase spending on health and social care will result in these services consuming an increasing proportion of gross domestic product. The exact proportion will depend on how quickly the economy itself grows, and on the choices made about the levels of taxation, government borrowing and public spending priorities.
Free Market Welfare: The Case for a Negative Income Tax
According to this report, Britain’s welfare system is overcomplicated, wasteful and counterproductive. In Free Market Welfare, Michael Story makes the case for merging most working-age benefits into a Negative Income Tax – a single, tapered payment that tops up the wages of the working poor and guarantees that work always pays.
Reform: The Week, 22 January 2016
From 22nd January 2016, Reform asks: “As world leaders met in Davos at the World Economic Forum, low oil prices brought fears of a global recession. Could UK public services weather another storm? Only if more innovative ways to fund services are embraced, such as those floated by this week’s reformer. Reactionaries that wish to block new skills and expertise from entering the public sector workforce will only hinder the delivery of high quality, low cost services.”