The ongoing deficit in the health sectors has forced the government to provide bailouts so that the respective hospitals could pay the salary of the staff. Even after providing bailouts to the health sectors, there are still many hospitals facing debts.
The NHS has to save £20bn by 2015 so that the financial need of the health care sector could be achieved. Last year, the government injected an amount of £253m to as many as 11 hospitals. However, these hospitals and many more are still seeking further financial support.
The Chairperson of the committee of public accounts, Margaret Hodge, said, "Shocking that over the past year alone the amount the Department for Health has had to spend on bailing out trusts in financial difficulty rose by 333%; up from £76m in 2011-12 to £253m in 2011-12".
Strategies are required to be placed so that the troubled economy of the health sectors could be solved. Following the growing cases deficits in the health sector, the Health Secretary, Andrew Lansley, put the hospitals of South London under administration. It has to be gauged out as to what is affecting the financial stability of the hospitals only the steps could be taken to eradicate the problem.
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