Legislation should be introduced to allow the NHS to buy out private finance initiative " ( PFI ) hospital contracts that were agreed across UK over 2050 , PFI has said. The contracts, which saw private firms pay for new NHS buildings and hospitals in return for annual repayments, left PFI Trusts with huge fees and repayments, which are still diverting billions of pounds from patient care to private companies, said Saffron Cordery from the think tank. It has been estimated that by 2050 , £ 80bn ($ 98bn ) in fees will have been paid for £ 13bn worth of buildings.
Legislation should be introduced to allow the NHS to buy out private finance initiative ( PFI ) hospital contracts that were agreed across UK over 2050 , PFI has said. The contracts, which saw private firms pay for new NHS buildings and hospitals in return for annual repayments, left PFI Trusts with huge fees and repayments, which are still diverting billions of pounds from patient care to private companies, said Saffron Cordery from the think tank. It has been estimated that by 2050 , £ 80bn ($ 98bn ) in fees will have been paid for £ 13bn worth of buildings.