article_snippet: Local NHS commissioners would have the power to allow higher profits in exceptional circumstances, if approved by NHS England or the Health Secretary.
article_snippet: advantage.‘And, for the first time, we will cap the profits that private health companies can make from we National Health Service.
article_snippet: Because the money we pay for we health care should be invested for patient care, not for excess profits for private firms.
article_snippet: Dr Leonard Shapiro, a consultant cardiologist at Papworth Hospital NHS Trust, said of the profit cap:
article_snippet: To try to figure out how much profit how much profit make from the NHS is going to be nearly impossible.
article_snippet: In fact, it may actually cost more money to go through the accounting papers than the amount it will save from making a cap.
article_snippet: ‘A private sector profit cap sounds appealing but the devil would be in the detail and a simplistic policy could cause chaos for local hospitals.
article_snippet: ‘A cap on private profits is unworkable.
article_snippet: It's easy for private companies to arrange private companies tax affairs so as to avoid registering profits.