The Economic and Social Implications of Privatizing the National Health Service (NHS)

National Health Services

Table of Contents
Introduction......................................................................................................................................2
Economic Concept...........................................................................................................................2
Social concept..................................................................................................................................3
Conclusion.......................................................................................................................................5
References........................................................................................................................................6

Introduction
In this report, it discussed about the national health services and emphasis on the topic “NHS
should be privatized: National Health Service is publicly funded national health care system
and one of the services. It provides the range of different types of services; services should be
comprehensive, universal in nature. Providing healthcare to all citizens rather than ability to pay.
Privatisation refers to the transferring a service from public to private ownership and control. In
this report, it focuses on the social and economic consequences of privatizing NHS. It also
evaluates the whether the NHS remove money wastage or ineffectiveness. In context of social
aspects, its stresses on the quality of care and on providing better services. . It also evaluates the
economic and social implications of privatising NHS.
Economic Concept
In context of economic view, if NHS would be privatised then it helps to remove the
ineffectiveness of cost. According to the data, it is determined that there is a high waste and there
is a loss in the hospitals. It also analyses that NHS is providing benefits to their employees and
giving holidays to their members, this idea support that NHS is inefficient and cost-effective.
The main aim of NHS is to increase the profit. Private company manage their business through
their stakeholders and earn profits. They charge more from their patients in compare to public
hospitals. If private sector does not have sufficient funds then there will be a risk for patients this
creates a negative impact on health sector. But there is positive view also, as the private NHS
provides the safe and hygiene environment for their patients. Privatising NHS makes a profit on
the priority basis this creates a less affordable for patients (National Health Services, 2018).