Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

U.K. Government to Hospitals: Make Money Overseas

X
Your article was successfully shared with the contacts you provided.

LONDON (AP) — The British government says it wants the country’s state-funded hospitals to help support themselves by setting up profit-making branches in other countries.  

The Conservative-led government is searching for ways to reform the National Health Service, which delivers free care to all but costs the equivalent of more than $158 billion a year to run.  

The government said Tuesday that it was setting up a body to help world-renowned institutions, such as the Great Ormond Street Hospital for children, establish overseas branches.  

Health Minister Anne Milton says the plan would create jobs and revenue, which would be channeled back into the health service.  

Jamie Reed, health spokesman for the opposition Labour Party, says the government should “get a grip and start focusing on patients, not profits.”  


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.