Deconstructing the financialization of healthcare

Hunter, Benjamin M and Murray, Susan F (2019) Deconstructing the financialization of healthcare. Development and Change, 50 (5). pp. 1263-1287. ISSN 0012-155X

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Abstract

Financialization 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.

Item Type: Article
Keywords: Development financing, health, UHC, private capital, investment
Schools and Departments: School of Global Studies > International Development
Depositing User: Benjamin Hunter
Date Deposited: 25 Sep 2019 09:10
Last Modified: 25 Sep 2019 09:15
URI: http://sro.sussex.ac.uk/id/eprint/86063

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