Profit in healthcare

Profit is a filthy word for many health campaigners. It evokes fears of the rich getting better treatment than the poor and of shareholders fattening themselves on money that should have gone to sick children. Sadly, this is a wholly erroneous and very English way of thinking – driven, I believe, by the Romantic poets (better hills than profits) and snobbery (it’s people in trade who care about profits). The reality is that profit benefits health care just as it does all other enterprises. 

Richard Smith says that “I published this blog in (of all unlikely places) the Guardian in April 2008, the year of the financial crash. thought about it today because of something else I was writing and the continuing squeamishness of people, particularly the British, about profit. It might (with luck) infuriate you.”

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