| NHS threat? 20:06 - Nov 6 with 1074 views | Nthsuffolkblue |
EDIT: On reflection, reading the replies below it appears We Own It are being unnecessarily alarmist. The below is left unedited to provide context for all that follows.
The threat of PFI increase in making profits from the NHS is increased from the US election result.
From We Own It:
UnitedHealth, the world's largest health insurance company, is expected to DOUBLE its privatised Medicare revenue and profit under Project 2025.
This concerns the UK because UnitedHealth is linked to Wes Streeting, the new Health Secretary.
In the past two years, Streeting has received £95,000 in donations from John Armitage, a hedge fund manager reported to have interests worth more than $500m in United Health. [Post edited 6 Nov 2024 20:39]
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| NHS threat? on 20:14 - Nov 6 with 1027 views | SuperKieranMcKenna |
I must be missing something here? United Health are a private company - why would the election make any difference to their corporate strategy? I.e what would be to stop them obtaining more contracts with the NHS had the Democrats won? Especially counter-intuitive given that an increasingly protectionist US under Trump would likely see trade barriers erected by other countries (including the UK).
Can see the conflict of interest around donations, but struggling to see any link with the US election outcome? |  | | |
| NHS threat? on 20:17 - Nov 6 with 1012 views | Nthsuffolkblue |
Private Finance Initiatives are where private companies invest in the NHS and in return take profit from the services they supply. Often it involves tying into lengthy contracts too.
It is concerning when those with political influence (in this case the health secretary) are influenced by funding from those with a vested interest.
As the company will be expanding in the US, it will have more potential to "invest" and therefore make profit from the NHS.
I guess many don't see an issue with this way of funding the NHS. We Own It is a group that does, though. | |
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| NHS threat? on 20:18 - Nov 6 with 1006 views | Nthsuffolkblue |
| NHS threat? on 20:14 - Nov 6 by SuperKieranMcKenna |
I must be missing something here? United Health are a private company - why would the election make any difference to their corporate strategy? I.e what would be to stop them obtaining more contracts with the NHS had the Democrats won? Especially counter-intuitive given that an increasingly protectionist US under Trump would likely see trade barriers erected by other countries (including the UK).
Can see the conflict of interest around donations, but struggling to see any link with the US election outcome? |
I think the logic would be that the bigger the profits they are making from their US arm, the bigger the potential for them to invest and make more out of the NHS too. | |
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| NHS threat? on 20:20 - Nov 6 with 993 views | redrickstuhaart |
| NHS threat? on 20:17 - Nov 6 by Nthsuffolkblue |
Private Finance Initiatives are where private companies invest in the NHS and in return take profit from the services they supply. Often it involves tying into lengthy contracts too.
It is concerning when those with political influence (in this case the health secretary) are influenced by funding from those with a vested interest.
As the company will be expanding in the US, it will have more potential to "invest" and therefore make profit from the NHS.
I guess many don't see an issue with this way of funding the NHS. We Own It is a group that does, though. |
We havent been engaging in new PFI for some years now...
It was also, as I understand it, specifically about investment in infrastructure. So a PFI outfit would build a new public building and run it on a contract for 25 years - meaning the government didnt have to fund the building, but was essentially tied to renting it for a long period. [Post edited 6 Nov 2024 20:22]
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| NHS threat? on 20:22 - Nov 6 with 981 views | Nthsuffolkblue |
| NHS threat? on 20:20 - Nov 6 by redrickstuhaart |
We havent been engaging in new PFI for some years now...
It was also, as I understand it, specifically about investment in infrastructure. So a PFI outfit would build a new public building and run it on a contract for 25 years - meaning the government didnt have to fund the building, but was essentially tied to renting it for a long period. [Post edited 6 Nov 2024 20:22]
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OK. I wasn't aware of that. I guess We Own It is simply scaremongering then. Is it guaranteed this government will continue with this policy of no new PFI? | |
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| NHS threat? on 20:26 - Nov 6 with 964 views | SuperKieranMcKenna |
| NHS threat? on 20:18 - Nov 6 by Nthsuffolkblue |
I think the logic would be that the bigger the profits they are making from their US arm, the bigger the potential for them to invest and make more out of the NHS too. |
“ the bigger the profits they are making from their US arm, the bigger the potential for them to invest”
They have an annual turnover of nearly €400bn - bigger than some GDP of economies, I’m not sure additional capital is needed to invest in the UK… | | | |
| NHS threat? on 20:27 - Nov 6 with 962 views | redrickstuhaart |
| NHS threat? on 20:22 - Nov 6 by Nthsuffolkblue |
OK. I wasn't aware of that. I guess We Own It is simply scaremongering then. Is it guaranteed this government will continue with this policy of no new PFI? |
I would think so. Not least because we have the ticking time bomb of many of the original pfi contracts expiring over the next few years. But who knows? | | | |
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| NHS threat? on 22:36 - Nov 6 with 819 views | Leaky |
Is this labour looking after there rich mates. Streeting comes across a bit smarmy. Where have we heard that before, although that incumbent hasn't turned out too bad |  | | |
| NHS threat? on 22:55 - Nov 6 with 765 views | redrickstuhaart |
| NHS threat? on 22:36 - Nov 6 by Leaky |
Is this labour looking after there rich mates. Streeting comes across a bit smarmy. Where have we heard that before, although that incumbent hasn't turned out too bad |
It is nothing but stretchy speculation. Non story. | | | |
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