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THE PRIVATE FINANCING OF NHS HOSPITALS: POLITICS, POLICY AND PRACTICE |
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| Authors: | Mark Hellowell Allyson M Pollock |
| Institution: | Centre for International Public Health Policy, University of Edinburgh |
| Abstract: | This article outlines and critiques the main fiscal and economic rationales for the Private Finance Initiative and examines the impact of the policy on the long-term financial viability of NHS trusts. It concludes that the PFI funding of capital investment is highly problematic. Its high costs can have a negative impact on the finances of health systems. |
| Keywords: | Department of Health hospitals hospital-building programme National Health Service Private Finance Initiative PFI procurement |