Socialized Medicine Is Tanking Britain’s Economy

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Great Britain has a new king, a new prime minister—and a new economic crisis.

S&P Global says that the country is already in a recession. Inflation is at 9.9%, higher than in the United States. The pound has fallen dramatically against the U.S. dollar, and government debt is surging.

But at least the Brits can count on their 74-year-old system of socialized medicine, the National Health Service, right? Not really.

The NHS is facing a cost and care crisis of its own. And it may get worse, as the government contemplates spending cuts to bring inflation to heel and offset energy subsidies planned for winter.

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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