Private Healthcare vs NHS – Which Is Better?

Since it was launched in 1948, the NHS has grown to become the world’s largest publicly funded health services – you could even argue that it’s the most cost-effective healthcare system in the world, when talking about the extent of care it provides.

In 2015, the UK’s private healthcare market hit £5.6bn in value in 2015, with a reported annual growth of 15-25%. This is indicative of some clear advantages and disadvantages of private healthcare and the NHS in the UK.

Waiting Times

Everyone who has ever used the NHS isn’t new to the common fact that waiting times are one of the main reasons people across the nation turn to private healthcare. Most people want to cut down on the time they have to wait in order to have a procedure, with waiting times on private healthcare averaging around just a week.

Choice

One big advantage of private healthcare is that it allows you to have more of a choice of consultants, hospitals and treatments. Although the NHS constitution states as such, this isn’t really an option in more cases than others. 

Everyone who is cared for by the NHS in England has formal rights to make choices about the service that they receive. These include the right to choose a GP surgery, to state which GP you’d like to see, to choose which hospital you’re treated at, and to receive information to support your choices.” – NHS constitution

Comfort

Patients can expect large mixed-gender wards and a significant lack in privacy when using NHS public hospitals and facilities. Private hospitals provide high-quality rooms and services, including en-suite bathrooms, non-restricted visiting hours, better food and the option to be seen by the same consultant/practitioner

Treatment

Unfortunately, private healthcare doesn’t cover all treatments and your specific treatment will depend on the level of insurance you have. There might not be the same depth of experience for complex treatments in private hospitals as there is on the NHS.

At the same time, there may be some medications that the NHS don’t or won’t fund, meaning you’re more likely to have access to those medications if you’re being treated privately.

Cost

The cost if probably the biggest reason as to why people stay on the NHS; most, if not a lot, of people simply cannot afford the costs that come with private healthcare. The NHS provides free treatment to millions of people every single day a year. 

The average monthly premium for a 50-year-old n on-smoker with £500 excess is around £88 based on a full outpatient plan. On ‘pay-as-you-go’, you can expect to pay in excess of £10,000 for a knee replacement (the national average).

 

What are Some of the Exact Differences?

NHS: waiting times = recent figures from as early as 2019 show than 86.7% of people had been waiting for up to 18 weeks or less on the NHS.

Private Healthcare: waiting times = on average, it takes around 7 days to be seen if referred by your GP to a private healthcare provider

NHS: cost of cover = this service on the NHS is free of charge, but it cannot be determined how long you would have to wait for a common knee replacement

Private Healthcare: cost of cover = between £1,000 and £1,500 in annual premiums for private healthcare insurance against the national average of a knee replacement of around £10,000. This means you would be paying £10,000 outright on a ‘pay-as-you-go’ option.

NHS: treatment range = the NHS has the widest range of treatments available by far, but due to budget issues, may not be able to access the latest treatment, medication and equipment

Private Healthcare: treatment range = private healthcare insurance doesn’t cover pre-existing or chronic illnesses, and there are very few (if any) private hospitals offering A&E services

Summary

It’s important to not see both options as in competition with each other, but just as two separate services. Both are incredibly useful in their own right to anyone in the UK, and it’s actually also possible for someone to use both services for their healthcare

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