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Privatising Healthcare

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Why is the State offering extraordinary returns to investors in the health sector when it can easily raise the finance at less than 3% per annum? How can the Government justify subsidies of up to 47% by way of tax breaks to investors in hospitals *AND* then, on top of that, having to make annual payments to these investors to cover rents, fees, dividends, interest and profits? It is nonsense for investors to suggest that the State would gain from the resultant PAYE and VAT as it would be getting these if it financed the hospitals in the first instance.

In relation to the proposed replacement of Crumlin children's hospital, you quoted the Minister for Health (Wednesday 7th September) as saying that she would investigate innovative ways to get the hospital in place quickly and that there is a lot of interest in the provision of healthcare facilities. Is this Harneyspeak for the provision of tax incentives to investors to build and operate the new hospital with all its implications for costs, prices, standards, ethics and access?

It is time for our socially-conscious Taoiseach and opposition parties to put a stop to this creeping privatisation which is unwanted and unnecessary. If replacement of Crumlin is so urgent, why were public funds not released years ago as sought by the Pollack Report, New Crumlin Hospital Group and many others.

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This page contains a single entry by Brian published on September 6, 2005 2:38 PM.

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