Investment tip
Primary Care Trusts (PCTs) and Strategic Health Authorities (SHAs) are due to disappear in April 2013. They are being replaced by (allegedly GP run) Clinical Commissioning Groups (CCGs).
The staff working in PCTs and SHAs know that they will be made redundant soon. GPs depend on PCTs for a great deal of their administration. I suspect that they are going to have to put up with twelve months of unanswered phones and unreturned calls. Still, never mind, they will have time to focus on getting to grips with administering their Practices - the sick will just have to wait.
Meanwhile, you probably will not want to know about "Procedures of limited clinical effectiveness". This is a cunning ploy to deny treatment to patients. If a General Practitioner believes that a patient suffers from some condition but hasn't got the experience or knowledge reliably to diagnose and effectively to treat it, they will understandably refer the patient to a specialist. The specialist will examine the patient and advise the GP appropriately. It is then the GP's responsibility to justify the relevant treatment - NOT as you might expect, the specialist's. If the GP is unable to justify treatment, it will not be forthcoming.
In the same vein, keep an eye out for privately run "Referral facilitation services" which have been set up to stop GPs referring patients to specialists.
Investment tip - buy shares in Care UK, Spire, Circle, Humana, United Health or any number of "for-profit" and dead willing medical services providers - they are going to make an absolute killing!
ps - John Nash, a hedge fund tycoon and the ex-chairman of Care UK, gave £21,000 to fund Andrew Lansley’s personal office in November 2009. He and his wife are alleged to have given more that £200,000 to the Tories over the past few years. Baron Dolar Popat of the charmingly named Truth, Love and Compassion Group is alleged to have donated a similar amount. I am quite sure that there is no question of any anticipated quid pro quo
