How can £20bn cash cuts and increased marketisation lead to a better NHS?
1) Markets (note, not capitalism, markets) promote innovation better than centrally planned or run systems.
2) Innovation leads to increases in total factor productivity.
3) Increases in tfp are synonymous with (as in, this is the definition of tfp) being able to do more with the same resources, being able to do the same with fewer resources.
A market driven health care service (note please, not a capitalist one) will be more efficient over time than a not-market driven health care service.