NHS 'will miss £22bn efficiency savings target', says thinktank
King’s Fund warns that NHS will need even more than the £8bn extra a year it has asked for
The NHS is highly unlikely to make the £22bn of efficiency savings it has agreed and so is likely to need the next government to give it even more than the £8bn extra a year it has already asked for from the Treasury, the King’s Fund warned on Thursday. The thinktank’s gloomy prognosis is based on a survey of the views of finance directors of hospital trusts and other NHS organisations, amajority of whom voiced deep pessimism about the target.
Last October Simon Stevens, the chief executive of NHS England, committed the service to plugging £22bn of the expected £30bn gap in its finances by 2020 through productivity gains of 2% or 3% a year between now and 2020. Since then the Conservatives and Liberal Democrats have promised to provide the other £8bn by 2020 from government funds, though Labour has refused to do the same. Guardian