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City A.M. quotes Adam Memon on Labour's pledge to cap private health companies profits

    City A.M. quotes Adam Memon on Labour's pledge to cap private health companies profits.

    To read the full article, visit the City A.M. website.

    "Labour kicked off its General Election campaign today in London's Olympic Park with Ed Miliband promising to cap the amount of profit private companies can make from the NHS at five per cent.

    "This is a nonsensical proposal to solve a non-existent problem," said Adam Memon, head of economic research at the Centre for Policy Studies. "The proportion of the NHS budget spent commissioning healthcare from private providers has increased by just one percentage point since 2010.

    "This is hardly evidence of wholesale NHS privatisation. More importantly, he should realise that firms delivering services and investing and innovating within the NHS can improve patient care," he added."

    To read the full article, visit the City A.M. website.

    Date added: Monday 30th March 2015