That's a pittance in medical terms. In the US I used to have to budget for about $20k a year to pay my (relatively healthy) family's medical insurance, copays, prescription costs.
I'm not trying to defend the tories , just trying to de-sensationalize and de-catastrophize the current situation. The tories WANT an endless stream of catastrophically bad news about the NHS - it serves their long term agenda of privatizing public services: first a catastrophic public image must be created.
What we have here is a politically motivated, but very minor funding shortfall, not a public health catastrophe.
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The changing geography of NHS deficit