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The Adam Smith Institute
The Adam Smith Institute is the UK's leading innovator of free-market policies. Named after the great Scottish economist and author of The Wealth of Nations, its guiding principles are free markets and a free society. It researches practical ways to inject choice and competition into public services, extend personal freedom, reduce taxes, prune back regulation, and cut government waste.
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Follow the patient
By Alex Singleton
Andrew Bartlett writes: Please explain the logic by which you argue privatization would improve the health service in Britain... Surely you can't be arguing for that competition will improve the services in areas where there can be no choice, merely the replacement of a single NHS hospital by a profit making hospital? Explain please. I understand entirely why you might not like the idea a for-profit company acting as a local monopoly. But having a health service where the provision is not done directly by government does not necessarily mean that you have to make hospitals for-profit institutions. It may not be obvious but, for example, BUPA is actually a charity - the British United Provident Association. Certainly in a number of very important areas, distance to the hospital is important. But for many treatments, the distance is less so. If a local hospital is failing to do the operations quickly, or to a sufficient standard, or has a large number of cases of MRSA infections, the ability of patients to choose to go elsewhere will act as an invisible hand to get the local hospital to pull its socks up. For money to follow the patient is essential. Feedback
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Adam Smith Institute Tel +44 (0)20 7222 4995
Adam Smith was the great Scottish philosopher and economist best known for "The Wealth of Nations", his pioneering book on free trade and market economics.
A wide selection of material about Adam Smith is now available on the Adam Smith website. This includes the full text of his two major works, The Theory of Moral Sentiments and The Wealth of Nations. |