Wednesday, June 24, 2009
Health care spending (2009)
When the NHS was formed in 1945, the UK was on the verge of bankruptcy. National debt was over 200% of GDP. Yet, the new Labour government went ahead in creating a universal health care which was free at the point of use. In those early days, prescriptions were free and waiting lists low.
In 1945, government spending on health care was £238 million (or £0.238 billion). This was out of a total government spending of £5.9 bn or 3% of total spending. Since 1945, real spending on the NHS has increased much faster than inflation. Health care spending as a % of GDP has also increased.
Updated blog: on UK Health care spending
Posted by Tejvan Pettinger at 10:17 AM