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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@9N2L7B210mos10MO
Yes but I think 5% is too low - there needs to be a profit margin to incentivise reinvestment, innovation and long term R& D
@9N2BXWZ10mos10MO
Private contractors should not see the publicly funded NHS as a “Cash cow’ and reduce its available funding by excessive profiteering
@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
@9BNH34DLiberal Democrat2yrs2Y
Yes but only higher profit margin
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@8SKQWFP4yrs4Y
Private firms should not be providing NHS services for profit. They should only have not for profit involvement in public healthcare in emergencies (eg COVID pandemic) where NHS capacity might be overwhelmed.
@8SJDQTR4yrs4Y
No, healthcare should be not-for-profit.
@8RHDNCB4yrs4Y
Only over 25% so as to not decrease profit incentive
@8R927ZW4yrs4Y
Only if they exceed a 15% profit
@8KMP8GR4yrs4Y
Yes, but not contribute back a huge amount
@9BDLJP62yrs2Y
This question can not be a simple yes or no.
@9B82Q952yrs2Y
Yes, depending on how much they make.
@98QV44J2yrs2Y
Yes, but I have reservations surrounding the way this would be monitored.
@8ZP2RX23yrs3Y
Related to inflation and bank rate.
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