{"id":987689460,"date":"2023-04-21T21:52:00","date_gmt":"2023-04-21T20:52:00","guid":{"rendered":"https:\/\/p4h.world\/?post_type=documents&#038;p=987689460"},"modified":"2024-04-21T23:22:22","modified_gmt":"2024-04-21T22:22:22","slug":"banking-on-health-the-surging-pandemic-of-health-financialization","status":"publish","type":"documents","link":"https:\/\/p4h.world\/en\/documents\/banking-on-health-the-surging-pandemic-of-health-financialization\/","title":{"rendered":"Banking on Health: The surging pandemic of health financialization"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;!!! PLEASE DO NOT EDIT !!!&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;!!! PLEASE DO NOT EDIT !!!&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;TO BE EDITED &#8211; SUMMARY &#8211; Click on the WHEEL icon to open the textarea where you can paste or type your text. Summary condenses the main point of the document. It must be in bold, 250-300 characters \/ 3-4 lines. The counter at the bottom helps.&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>Report by the Society for International Development tells the story of how finance has gained unprecedented influence over our lives, subjugating health goals to shareholder values, market fluctuations and failures.<\/strong><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;TO BE EDITED &#8211; TEXT &#8211; Click on the WHEEL icon to open the textarea where you can paste or type your text. PLEASE USE ONLY THE FEATURED IMAGE FUNCTION on your right column to add the image.&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Health financialization has surged in the last 30 years, turning healthcare into a commodity where private, for-profit entities have gained significant control. This trend manifests through monopolies on medical knowledge, the expansion of financialized healthcare insurance markets, and the rapid growth of digital health technologies. After the 2008 financial crisis, private sector investment in development policies increased, leading to the rise of public-private partnerships (PPPs) in healthcare. However, these partnerships have been criticized for compromising public health goals due to their reliance on private interests.<\/p>\n<p>The COVID-19 pandemic exposed significant market failures in global healthcare, yet neoliberal policies remain entrenched, with a persistent focus on private-sector-driven solutions. This is evident in initiatives like the International Financial Facility for Immunization (IFFIm) and the COVAX scheme, which have faced criticism for their inequitable distribution of vaccines. As health financialization continues, there is growing concern that public health is becoming increasingly driven by market principles, risking broader health inequities and undermining the legitimacy of public health functions.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Report by the Society for International Development tells the story of how finance has gained unprecedented influence over our lives, subjugating health goals to shareholder values, market fluctuations and failures.Health financialization has surged in the last 30 years, turning healthcare into a commodity where private, for-profit entities have gained significant control. This trend manifests through&#8230;<\/p>\n","protected":false},"author":559,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[3024,3046],"document_type":[2336],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/documents\/987689460"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/documents"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/documents"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987689460"}],"version-history":[{"count":4,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/documents\/987689460\/revisions"}],"predecessor-version":[{"id":987689474,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/documents\/987689460\/revisions\/987689474"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987689460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987689460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987689460"},{"taxonomy":"document_type","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/document_type?post=987689460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}