The Credit crisis and health care

This is the title of a very apt article by John Appleby in this week's BMJ.
"It is hard to resist apocalyptic phrases (indeed, the use of the word apocalyptic) in describing the effect of the credit crunch on the world’s banking and financial systems over the past year. But it is not just the somewhat unreal and mystifying world of credit default swaps, naked short selling, and eyewatering bonuses that has been affected. As has become much clearer in the past few months the scale of the seizure in wholesale credit markets is such that the effects are being felt in the real world."
Appleby, an economist, goes on to discuss the likely repercussions of the crisis on the NHS. He suggests that health care is about to have an unavoidably difficult future.
BMJ 2008;337:a2259.