That just doesn't hold any water at all.
(a) Cuts, in real terms, are not a "myth."
(b) I've no doubt there are inefficiencies within the NHS making it less 'lean and mean' than it could be. Let's not kid ourselves here, though - private contractors syphoning off their share of a profit-led NHS must also be seen as an "inefficiency," seeing as it is dosh which could otherwise be working for the patient but isn't. Suddenly not so clear-cut now, is it?
Do you get riled about private sector "big shots," by the way, Tim? No, thought not. They're entrepreneurs who deserve every penny... etc.