NHS Wales run by labour isn't fairing much better. In our city A and E is overflowing, ambulance wait times for anything below a heart attack/stroke is hours.
We recently had a lad with a dislocated hip, broken tibia/fibi wait 8 hour in excruciating pain for an ambulance, the family had resorted to crushing up codine tablets and putting it on teaspoons mixed with water and forcing it down his throat in an effort to give him some relief. But it didn't touch it really.
The NHS is now a dying duck in the water. It's just like you say OP how long till they fish the dead duck out.
I do however believe, a small and very small part of the problem is abuse of the NHS by the general public. Stop booking GP appointments for a cold, or booking appointments and not turning up. Stop calling an ambulance for a broken wrist or tonsillitis. Stop going to the pharmacy and getting a pharmacist to prescribe things like Calpol under the common ailment scheme. It's £1 for off brand paracetamol suspension for children.
I think the only way the NHS can save itself is to cut back pretty much on every service except life threatening, and truly A and E (broken bones/Trauma) cancer diagnosis and care, cardiac, crisis mental health intervention, children's health and so on. Basically, only treatment to keep you alive.
There will be no more things like infertility, psychology, weight management surgery, cosmetic, physiotherapy, dermatology. All this will get outsourced to private of which if you want it you pay for it.
GP's will become a 7 day 24/7 service across the board, but not anytime soon, as understandably strike action will delay this. All you have to see is the general publics reliance on GP OOH to know it's needed but it needs to be done right and not at the detriment of the poor GP's having to run it.