Ed Miliband launched Labour’s election campaign with a promise to cap the amount of profit a private contractor can make from NHS contracts. Under the proposal private firms would be limited to profit margins of 5% on all contracts above £500,000. Proponents argue that the plan will stop the NHS’s "drive to privatisation." Opponents argue that limiting private contractor’s profits will make it harder for the NHS to keep up with rising demand for care.
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@9RT5H6HConservative8mos8MO
Profit should be capped, but not at 5% - that seems a little too close to the wire for them to operate. It is no use to the NHS if their contractors go bankrupt.
@9QHF7BWConservative9mos9MO
NHS needs to be overhauled, it is broken and demand outweighs need. The bureaucracy structure is a heavy weight.
@9P6LYBDConservative10mos10MO
Yes, firms working on behalf of the NHS shouldn't be making a profit, if they weren't doing NHS work and only medical insurance work they would be making a loss, they can profit from private customers and do the NHS work at cost.
@9LXWZW5Conservative11mos11MO
No; private firms are separate from the NHS and should not need to be subject to the financial decisions it makes. Also, if they find a way to make a lot of money legitimately, why should they not be allowed to keep it (after it is taxed)?
@9J3L3H2Conservative 1yr1Y
Yes, but only if it exceeds a rate of 10% of the contract, and the company has other sources of income (i.e. If the company receives more than 60% of it's income from NHS contracts they should be exempt
@9BTJW4S2yrs2Y
No, and privatize the NHS.
@96LRMRZConservative2yrs2Y
There should be profit share triggers in contracts.
@8PLDZTBConservative4yrs4Y
No, as private firms must have a profit incentive.
@9BTX993Conservative2yrs2Y
Yes but raise the cap to 8%, with minimum contract threshold of £750,000
@99VST2LConservative2yrs2Y
Yes but this percentage should be 10-15%
@95ZJN5DConservative3yrs3Y
No, 5% dis-incentivises supply. Over 10% would be more reasonable.
@955XD3CConservative3yrs3Y
5% is low. I’d say 10-15% otherwise NHS is in danger of being overlooked and other agencies favoured. For example pharmaceutical companies trade with other countries etc they May prioritise supply to them if profits are higher. Cause and effect!
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