UK’s NHS In Deep Financial Trouble (update)
The IMF has called out the UK’s NHS as “unsustainable”.
Gordon Brown was warned last night to raise the retirement age above 65 and introduce NHS charges to tackle the soaring state deficit.
In a devastating intervention, the International Monetary Fund called for radical changes to the pension system and spending cuts that go far beyond the plans outlined by the Prime Minister this week.
The global watchdog said root and branch changes to public sector spending would be necessary to ‘help keep a lid on the debt’ and restore financial stability.
And yet despite that example and the fact that our “pension” and government run health care system (Medicaid/Medicare) together have some 57 trillion dollars in unfunded liabilities and are riddled with waste, fraud and abuse, we’re considering allowing government to intervene in more of the market?
Brilliant. Just freakin’ brilliant.
UPDATE: I didn’t mean to step on Michael’s post, I just flat missed the fact that he’d posted on this. I’m not sure how I missed it but I did. He and I have done this before. Be sure to read his take as well. Obviously we both came to the conclusion that this story was important.