2019-11-05 16:32:49 UTC
Dr Hill, from the University of Liverpool, told the BBC that the £500m a
week figure, which comes from a report he co-wrote with academics at
Harvard University, was designed to illustrate how much more the US
currently pays for drugs than the UK.
"It's a guide to how much money could be involved but it's difficult to
predict how much money would be involved," he said.
To give an idea of the "worst case scenario", he said, the report's
authors compared how much was spent on medicines per person in the US
and the UK. The report said this was a way to "crudely estimate" how
much it would cost the NHS if it spent exactly the same as the US on
drugs per head of population:
The NHS in England spent an estimated £18bn on medicines in 2017-18
The US spent 2.5 times as much per head, according to the Organisation
for Economic Co-operation and Development (OECD)
Multiplying £18bn by 2.5 gives an annual cost of £45bn
That's an extra £27bn a year or about £519m a week
In practice it's highly unlikely that NHS spending on medicines per
person would end up being the same as the US's.
The Labour leader was asked about the £500m figure at his speech on
Tuesday and said: "I believe it to be an accurate and credible figure
and I'm very happy for anybody else to analyse it and tell me if I've
understated the case."
And Labour calls Boris a liar!