Would anybody like a stab at explaining what’s going on here? Is this the result of over-reliance on PFI, coupled with over-eagerness to make private NHS providers profitable?

More than 50 NHS institutions were paid a total of £1.2bn in bailouts in the last year, about double the amount spent to prop up providers a year earlier, an investigation has found.

The Department of Health paid out in cash and loans to cover wages, debts, replacements for ageing equipment and deficit reduction in 2014-2015, according to the Health Service Journal.

More than 50 struggling NHS providers, including about a third of the acute sector, needed bailing out, in what the trade magazine called a stark illustration of how rapidly hospital finances were deteriorating.

A dozen NHS trusts received support worth more than 10% of their annual income, with three getting more than £50m each. Barts Health NHS Trust in east London, which is in special measures, received more than £100m.

Source: Department of Health spends £1.2bn bailing out NHS providers | Politics | The Guardian

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