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NEWS STORY

OBR says NHS will need extra 88bn a year by 2066

20/01/2017

How much money will the NHS need in 50 years?

Government will need to raise NHS funding from about £140bn to almost £230bn over the next 50 years to meet demand for healthcare.

A report by the Office for Budget Responsibility (OBR) says taxes will need to rise or spending cut to pay for the increasing share of GDP taken up by healthcare and other public services. The OBR says it sees this as unsustainable.

OBR puts forward a scenario of 'health spending rises from 6.9% of GDP in 2021/22 to 12.6% of GDP in 2066/67, rising smoothly as the population ages and non-demographic cost pressures push spending higher'.

It adds: 'Less challenging demographic trends and a change in our assumption about morbidity in later life reduce growth in spending, but a higher starting point and most importantly the inclusion of non-demographic cost pressures, push it up much more.'

Source: Wellards


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