I too have worked in the NHS for a long time (26 years) as nurse, practice manager, and PCT management. I still have a lot of GP friends who are utterly demoralised by the target culture and the the focus on cost cutting over patient care.
Whilst rationing will have to take place in some form because the Country cannot afford to pay for all the new and expensive treatments coming on the market, the wastage on setting up schemes like this breaks my heart. And having worked for a private firm given the contract to deliver a range of clinical services across London, I know how the complete focus on making a profit tops patient care in every private enterprise, how can it not?
If we are to ration healthcare, let's be honest about it and have a reasonable discussion with patient groups on what that rationing should entail, but don't privatise the NHS, that way spells disaster - look at the PFI initiatives!