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Deconstructing the financialization of healthcare
journal contribution
posted on 2023-06-09, 18:59 authored by Benjamin Hunter, Susan F MurrayFinancialization is promoted by alliances of multilateral 'development' organisations, national governments, and owners and institutions of private capital. In the healthcare sector, the leveraging of private sources of finance is widely argued as necessary to achieve the Sustainable Development Goal 3 target of universal health coverage. Employing social science perspectives on financialization, we contend that this is a new phase of capital formation. We trace the antecedents, institutions, instruments and ideas that facilitated the penetration of private capital in this sector, and the emergence of new asset classes that distinguish it. We argue that this deepening of financialization represents a fundamental shift in the organizing principles for healthcare systems, with negative implications for health and equality.
History
Publication status
- Published
File Version
- Published version
Journal
Development and ChangeISSN
0012-155XPublisher
WileyExternal DOI
Issue
5Volume
50Page range
1263-1287Department affiliated with
- International Development Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2019-09-25First Open Access (FOA) Date
2019-09-25First Compliant Deposit (FCD) Date
2019-09-25Usage metrics
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