WEST Lancs MP Rosie Cooper has welcomed the ‘good news’ that North West NHS heath trusts will have £1.5billion of debt written off as part of a major 13.4billion ‘financial reset.’
On Friday, April 10 we revealed that from April 1, £13.4billion of NHS debt will be scrapped as part of a wider package of NHS reforms announced by the Health Secretary Matt Hanock.
A total of 18 NHS Trusts in the North West will be free of historic debt, so they can invest in maintaining vital services and longer-term infrastructure improvements.
Southport and Ormskirk NHS Trust will have £130,542 of debt cleared, while Liverpool University Hospitals NHS Foundation Trust will have their debts of £218,489 cleared.
Ms Cooper commented: “This is good news for Trusts and will help ease immediate financial problems but after the coronavirus crisis has ended the NHS needs to be put on a more sound financial footing.
“In short, it’s time for the Government to increase the funding to the NHS, etc.”
The funding is part of a package of major reforms to the NHS financial system, designed in a collaboration between the Department of Health and Social Care and NHS England, which will begin from the start of the new financial year.
This package is launched in combination with a simpler internal payment system to help NHS trusts in dealing with the coronavirus response, which was agreed with NHS England last week.
This significant change will mean hospitals will get all the necessary funding to carry out their emergency response, despite many hospitals cancelling or limiting their usual services such as elective surgery or walk-in clinics due to the virus.