Simplyhealth’s Post

While there was some welcome news in yesterdays #budget2024 with extra funding promised for the #NHS, the increase in #employer NI contributions may curtail salary growth. I believe this will continue to make #employeebenefits more valuable to #organisations and their staff. Employee benefits packages are one of the most effective ways that employers can deliver financial support to their workforce and support with talent attraction and retention. It's important we continue to review our #totalreward strategies to ensure we are making the most of the benefits and support on offer. #humanresources #financialwellbeing #wellbeing

Today’s Autumn #Budget outlines the government’s spending priorities for the coming year, including what funding will be available to support the government’s ambitions for the health service, and to meet its three strategic aims of moving from hospital to community, from analogue to digital, and from sickness to prevention. It announced a further £22.6bn in the day-to-day health budget and £3.1bn increase in capital budget for the NHS - the largest increase since 2010 outside of COVID. The Budget also sets out the funding available to encourage the UK Life Sciences industry and how Life Sciences companies can support the health and wealth of the UK. 💡 Our latest snapshot outlines the key factors impacting the health sector. Read more below ⬇️ https://lnkd.in/eCyHezNS #NHS #Budget2024 #Labour 

Health NZ's Near $1B Deficit 'Worse Than Expected,' Says Health Minister Shane Reti Health Minister Dr. Shane Reti health minister acknowledged that Health New Zealand's financial deficit for the year ending June has exceeded expectations. A preliminary assessment revealed a staggering $934 million deficit, falling almost $1 billion short of the anticipated $54 million surplus. The recently released quarterly performance report for June highlights several factors contributing to the shortfall, including: . $529 million of pay equity funding not being received . A workforce exceeding budget by 4,400 staff, costing $406 million . $193 million lost to expired COVID-19 stock . $172 million spent on Holidays Act remediation . $40 million less in projected savings Dr. Reti admitted the results were "worse than expected," attributing some of the financial strain to mismanagement while noting that the pay equity funding will be included in the current year's budget. Read more at, https://lnkd.in/dmt5vqnz | Ministry of Health New Zealand | New Zealand Herald #heatheconomy #healthcare #economydeficit #government #system #healthnews #thehealthcolossus

The 2024 Budget Policy Statement has set forth the Government's strategy for economic recovery and transformation, with healthcare being one of the core pillars. The Government has introduced four new health-related statutes to solidify the framework for health funding, service delivery, and the realization of Universal Health Coverage (UHC) #PwCinsights #2024BudgetPolicyStatement #PwCInsights_BudgetMatters

Health spending £5bn less than government planned - BBC News The government is spending £5.5bn less on health in England than it suggested it would be at this stage, the Institute for Fiscal Studies says. Plans set out in the 2019 election campaign indicated the budget would increase by 3.3% a year above inflation during this Parliament, the IFS said. But despite extra being put in to cover the high inflation seen, spending had risen by only 2.7% a year on average. Whichever party gets in at the next election, neither are keen to set out their spending plans for our health service. The NHS has been through its toughest financial year ever as budgets and services are stretched to the limit in the face of mounting demand and pressure. It will be interesting to see whether the next party will give up turning the health service around. Only time will tell. [email protected] 07954 402863 #healthinsurance #privatemedical #health

What are the implications of the Spring budget for the NHS? The Chancellor yesterday announced a £6bn boost for the NHS, which health leaders were quick to point out would 'scarcely touch the sides'. Context for such a statement is seen by looking at UK health spending relative to other comparable countries. As shown here, the UK spends less per person on healthcare than almost all other advanced economies, excluding Japan and Italy. In several cases this gap has widened in the last two years, including relative to France and Germany against whom our spending did not look so out of step as recently as 2021. Some may point out that spending on health has increased significantly over the years in the UK. However, this is the norm for advanced economies and the real question is - has spending increased by enough to account for population growth, ageing populations with complex healthcare needs, and the rising costs of treatments including drug prices? In the case of the UK, the answer to this question is a resounding 'no'. Analysis published by the BMA last year showed a cumulative underspend of £322bn in UK health since 2009/10. Against such a figure, you can understand why yesterday's £6bn announcement was seen as yet another sticking plaster. The economic impact of this is being seen in a range of areas, including the UK's growing proportion of sick and inactive workers. As pointed out in a recent post by my colleague James Kirkup, the burden of this is falling on employers and more pressure needs placed on the government to ensure the UK's shrinking workforce is active and able. With the NHS now the No.1 concern for the UK public - as per the latest Ipsos Issues Index - both Labour and the Conservatives will need to have a clear message ahead of the upcoming election on how to get the health service and the UK's workforce back on its feet. #NHS #politics #springbudget2024

Today we have released our Priorities for the next UK Government in which we call for a greater focus on Accountability, Wellbeing and Workforce to address the serious challenges currently facing healthcare professionals. You can read the full document here: https://lnkd.in/eqZUXJbh

An Oxygen reflection on Labour’s first conference in government for 15 years. Highlights include: - Streeting resisting calls to 'soften' his message that the NHS is letting people down, citing the 'two tier' system of NHS and private sector cancer care as an example. - Clear message that innovation will ‘come second’ until the NHS is able to fully meet its statutory duties. - Health reform will take a two-pronged approach, distinguished between public health and public service reform. - Andrew Gwynne MP (Minster for Public Health and Prevention) has been tasked with addressing the social determinants of ill health – viewing this as an economic mission above and beyond a moral one. To bolster these efforts, DHSC views other government departments as part of the health agenda, with Whitehall fervour to contribute to the Health Mission Board and the government’s 5-point Prevention Plan. - On public service reform, Streeting has stated there is no desire to undertake organisational changes to NHS England. Instead, reform will explore financial incentives to push care out of hospital and pull into the community. - With little cash to spare, the Chief Secretary to the Treasury will only approve policy recommendations that are ‘genuinely’ delivering on Labour’s mission-driven agenda and show a return on investment for taxpayers. - The government is expected to launch a new ‘more specific’ Industrial Strategy for Britain shortly – focusing on key areas that directly support Labour’s new mission-led approach to governance. - Lord Vallance made it clear that this new strategy would have ‘winners and losers’ as Labour look to prioritise areas where they can make a meaningful difference. - A core function of the Regulatory Innovation Office will be to provide ‘reassurances’ to regulators to enable them to act more confidently with government backing. Notably, Lord Vallance used MHRA’s more nimble ways-of-working during the pandemic as an example of what this could look like ‘when done well’.

Last year’s Rural Provider Compensation Survey results illustrated the enormous variability in provider pay across rural organizations, and the pressing need for rural healthcare to align its provider pay to the organization’s goals. To help rural organizations make data-informed compensation strategies, we need your input on the Second Annual Rural Provider Compensation Survey. To take the survey, click here: https://hubs.li/Q02hBn7p0 #StroudwaterAssociates #ProviderCompensation #RuralHealthcare

Check out the health policy highlights from Labour Party conference here!