IMO, the country follows a hierarchy where your most common visit is to your GP - for common illnesses that aren't exactly serious. If you feel there's a serious issue you'd go straight to the hospital. It's not comforting to know that my health (in the case of a serious illness) is in the hands of a service with only a £20bn budget, and a huge patient base.
Exactly my POV, but I didn't wish to influence it. GPs only ever seem to know how to prescribe painkillers or antibiotics. Useless, and to give them 80% of the budget is ridiculous, especially considering they're practising medicine.
I don't think it's good - there's so much variation between good and bad GPs... it will end up with those areas that have the better GPs use the funds more effectively and the other areas don't get as good treatment. Plus, Brogan's right - GPs aren't really experts when it comes to specific conditions etc.