The private finance initiative: a public finance illusion?

The PFI emerged in the UK in the early 1990s as a means of keeping the cost of public sector capital projects off the published total of the Public Sector Borrowing Requirement. Considers some of the problems with PFI, looking at bundling of services, the cost of new investment, the risks for the NH...

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Bibliographic Details
Published inHealth economics Vol. 10; no. 6; pp. 479 - 486
Main Author Dawson, Diane
Format Journal Article
LanguageEnglish
Published Chichester, UK John Wiley & Sons, Ltd 01.09.2001
SeriesHealth Economics
Subjects
Capital Financing - methods
Contract Services - organization & administration
Cost Control
Financing, Construction - methods
Hospital Design and Construction - economics
Hospitals, Public - economics
Hospitals, Public - organization & administration
Humans
Models, Economic
National health services
Private Sector - economics
Public-Private partnerships
State Medicine - economics
State Medicine - organization & administration
Time Factors
United Kingdom
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Summary:The PFI emerged in the UK in the early 1990s as a means of keeping the cost of public sector capital projects off the published total of the Public Sector Borrowing Requirement. Considers some of the problems with PFI, looking at bundling of services, the cost of new investment, the risks for the NHS of very long-term contracts and lack of transparency. (Quotes from original text)
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ISSN:1057-9230
1099-1050
DOI:10.1002/hec.644